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Shipping container prices rise: prices rise by US$500 a week, making it hard to find a cabin on some routes

Recently, the shipping market has started a "tide of price increases", and some shipping companies are in tight supply, making it even "hard to find a cabin". March and April, the traditional off-season for foreign trade, are not too "light".
Recently, shipping companies such as Maersk, Hapag-Lloyd, COSCO, and MSC have issued price increase letters. For a 40-foot container, the freight rate has increased by up to US$2,000, with some routes increasing by nearly 70%.
On April 19, the latest Shanghai Container Export Freight Index showed that the current freight index rose by 12.5 points, a weekly increase of 0.7%, achieving three consecutive increases, with freight rates on the Far East and South American routes continuing to soar.
The Red Sea waterway, at the junction of the two continents of Asia and Africa, is the "lifeline" of global shipping. Nearly 12% of the world's trade passes through it.
In November last year, regional conflicts broke out in the Red Sea. Many shipping giants suspended navigation in the Red Sea, and freight rates soared. This year, the situation in the Red Sea is still escalating, and the shipping arteries are blocked, especially the Asia-Europe supply chain, which has been affected a lot.
"This round of price increases does not have a particularly prominent triggering point, but the Red Sea incident is not over yet. Some shipping companies are on vacation, overseas demand is picking up, and there are geopolitical conflicts in the Middle East. There are many comprehensive factors."

This year, good news has come from many ports. Throughput is growing and slot utilization is at a high level.

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