A new round of crisis, sea freight may rebound strongly after falling for 15 consecutive weeks

May 16, 2022

According to the latest data released by the Shanghai Shipping Exchange on April 29, the Shanghai Export Containerized Freight Index fell 18.68 points to 3096.85 points last week, but its decline narrowed. To 0.4%, showing strong market demand. According to industry insiders, although the current container freight rate has dropped to a new low, with the gradual unblocking and resumption of work in Shanghai and the accumulation of empty containers in the United States, it may trigger a new round of port congestion crisis, and the freight rate may rebound strongly in May. At present, the world's idle container ships are approaching zero, and many container shipping companies have adjusted their flights to cope with the rush to ship in May. Relevant data showed that the number of ships waiting to enter outside Chinese ports was 195% higher than in February.

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