Increase of $1,000: Containers in High Demand
As of May 22, the shipping index (Europe line) continues to rise, peaking above 4000 points during the day. In two weeks, the shipping index (Europe line) has increased by 29.03%, and since March, the cumulative increase has reached 151.49%. Due to the ongoing Red Sea crisis, most shipping companies still choose to reroute via the Cape of Good Hope. According to Maersk's latest analysis, rerouting around Africa through the Cape of Good Hope remains the most reasonable solution to enhance supply chain stability. As the Red Sea crisis persists, the rerouting plans of various shipping companies might extend until the end of this year.
On the Far East-Northwest Europe route, booking volumes remain strong after the May Day holiday. From the GRI rates in late May, the price for a 40-foot container has increased by $1,000. It is reported that apart from the slots reserved in advance, ships until the end of May are fully loaded. Companies such as CMA, Evergreen, Hapag-Lloyd, Yang Ming, and HMM have all indicated a shortage of container equipment.
(Source: WallStreetCN APP)
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Keywords: Container Shipping Rates, Shipping Index, Cma Cgm Shipping, Cma Cgm Scandola, Container Cma
