China-US shipping prices skyrocketed 5 times!

Lars Jensen, container shipping analyst at Vespucci Maritime, said CMA CGM's decision showed their preference for contract customers and those with stronger existing relationships
.
"So it's an advantage for customers who have that relationship, and it's going to be a disadvantage for customers who might be inclined to shop around (usually smaller customers)
.
"

CMA CGM Shipping is a member of the Ocean Alliance and a major shipping company on North American routes
.
The three major shipping alliances - 2M, THE Alliance and Ocean Alliance control more than 80% of the global container shipping market
.

After CMA CGM announced the freezing of freight rates, another shipping giant, Hapag-Lloyd, also said it "follows up": "We believe that the spot freight rate has peaked and will not further increase the freight rate
.
" Hapag-Lloyd also stated in the statement "Hopefully the market will slowly start to calm down," he said
.

Huo Jianguo told the first financial reporter that the current shipping price has reached a historical high, which is largely caused by the high price quoted by shipping companies
.
He said: "So, they have a certain responsibility
.
Of course, in the market, for example, there are many freight orders, but people can't grab the box, so it is normal to
increase the price.
But the current price increase is too outrageous, then There is a problem, and it should almost be brought under control
.
”

Shipping frozen but surcharge unknown

However, Jensen pointed out in the research report that the freezing of sea freight is only to freeze the spot price.
This move does not necessarily rule out that the surcharge will be additionally increased, which has become a major burden for importers and exporters, and the surcharge is usually excluded from the freight.
beyond the benchmark
.

Previously, the phenomenon of indiscriminately charging surcharges by shipping companies has attracted the attention of the White House in the United States, and instructed the Federal Maritime Commission (FMC) to conduct an investigation.
The FMC has audited nine shipping companies, including Maersk, to determine whether these shipping companies Use market monopoly to charge shippers with late fees and late fees for investigations
.

"We're hearing more and more reports of ocean carriers assessing new additional charges, such as 'congestion surcharges', with little notice or explanation," said FMC Chairman Maffei
.

“Far from being a sudden or isolated event in a port or geographic area, congestion in the freight system is ubiquitous and has been going on for months
.
In my opinion, these factors are already included in the record-high prices charged by operators Among
them.
” Maffei commented, “As FMC Chairman, I want to know the reasons for the additional fees imposed by the operators, and I strongly support the close scrutiny of the FMC Enforcement Bureau and prevent the imposition of any additional fees that may not fully comply with laws or regulations
.
"

As for when the shipping price can really be lowered, Huo Jianguo told the first financial reporter: "It still depends on the trend of the epidemic
.
It should be difficult for the price to come down this year, because the price has risen and the epidemic has not improved significantly.
In this case, I am afraid By next year, if the epidemic really subsides, the price of sea freight will drop accordingly
.
"

"When there was no epidemic in history, although there were also low seasons and peak seasons, and there were some price fluctuations, it did not double or triple as it is now, so now it is the highest level, reaching the ceiling of sea freight prices
.
It has never been so high in history.
Yes .

" Huo Jianguo said
.