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HomeAsiaCONTAINER PREMIUMS: Ex-Asia premiums moderate as Lunar New Year slowdown pressures demand

CONTAINER PREMIUMS: Ex-Asia premiums moderate as Lunar New Year slowdown pressures demand

Sentiment believes rates may recover in March. Due to sluggish cargo demand due to Lunar New Year’s limited capacity, all-inclusive container rates from Asian production hubs are balanced significantly from the previous highs seen during the December and January loading periods. I kept the holiday period.

Unregistered? During the week, S & P Global Platts heard an all-inclusive premium booking with USWC for $ 12,000 / FEU. Offers to the US Atlantic coast were above $ 13,000 / FEU on post-Lunar New Year voyages.

“Premium soared before the Chinese New Year, but now it’s declining a bit,” said a US-based freight carrier. “March is usually the slowest valley of the year.” Platz Container Rate 13 – North Asia to West Coast North America – was valued at $ 9,500 / FEU on February 3, and was flat that week. Premium service fares tend to increase total fares by an average of $ 2,000 to $ 3,000, but some sources report that it will take time to secure space on a FAK basis. -Rate up.

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Another freight carrier said all-in charges from Southeast Asia to USWC are declining. “Everyone I talk to in Asia believes that March orders are strong enough to raise interest rates.”

“Delivery companies avoid bookings on the west coast due to the long lines, instead making reservations on the east coast and using inland transportation from there,” said a Singapore-based source. Premium rates still dominate the market, almost double the FAK (Freight All Kind) trade lane from Southeast Asia to North America, as the struggle to procure equipment and reserve confirmed space on board continues. Sources say. I’ve heard that the all-inclusive premium rate for trade routes from Southeast Asia to East Coast North America ranges from $ 17,000 to $ 19,000 / FEU, slightly lower than the $ 20,000 limit a week ago. For USWC, prices have dropped from $ 13,000 to $ 16,000 / FEU, compared to $ 17,000 / FEU last week.

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