The cabins for FAL5 Asia-Europe shipping line, arriving at Rotterdam and Hamburg through Shanghai and Ningbo, of MSK Shipping Company was overfull yesterday, so demand exceeded supply in the market. A shipping expert of Cosco Group emphasized, “freight of main regular shipping lines is improved obviously and freight of Asia-Europe line resumes to the level before financial tsunami”, the annual peak period began.
As tycoon of global shipping industry, MSK felt the market was better than before at the beginning of this year, so AE 8 regular shipping liner, cancelled owing to financial tsunami in 2009, was resumed again; Meanwhile, MSK cooperated with another tycoon of global shipping industry——CMA CGM Company for the shipping liner, named to be FAL5, connecting with Hamburg, Rotterdam, Singapore, Ningbo and Shanghai port, etc. CMA CGM and MSK added 29 thousand shipping cases totally for Asia-Europe shipping line every week.
A staff of MSK (China) Company expressed that market response showed the Far East—Europe shipping line was with powerful demand yesterday, recovery rate was beyond your imagine; While shipping spaces were already overfull even it was in Apr and May, which was still not in peak period for maritime transport of container.
According to analysis of MSK, European importer reduced inventory to a low level compared with history in the early period of 2009, and began to import cargos for supplement of inventory in the later period of 2009; The requirement of customers was increased continuously. However, in order to keep balance between supply and demand shipping industry adjusted shipping capacity of container, reduced transportation of ship, so that demand of market exceeded supply in 2009.
We got news that shipping line from Shanghai to America and to Europe kept overfull after the beginning of April. “Overfull cabin refers that cargos fail to be loaded owing to large quantity”. A Shanghai shipping expert of Cosco told reporter yesterday that it would be a more obvious annual peak period in June. Thereinto, the transportation demand of shipping line for Europe, Mediterranean and Persia would be continuously increased, and shipping spaces would be sostenuto insufficient.
“Because liner company increases transportation capacity to Eurasian and pacific line and so on ocean trunk lines constantly, quantity of global idle container ships is rapidly reduced and reaches the lowest level compared with the past 17 months; There was only 549 thousand cases at the end of May, it was 1522 thousand ones at the beginning of last December, and it will be further reduced to 450 thousand ones at the end of June as predicted.”
Booming market is bound to cause higher freight rate. During visiting Europe, president of Cosco Group announced to the people of Europe in same industry that freight rate of Asia-Europe shipping line had resumed to the original level before financial tsunami, and the rate of other lines was also increasing now. The president thought that all main shipping companies had resumed to profitability.
As announcement of Shanghai Shipping Exchange on May, 28, freight rate index of Chinese exported containers was 1128.62 points and new edition freight rate index of Shanghai exported containers was 1472.90 points at the end of last week, which was continuously raised. According to another data of China international shipping net as of May, 30, average price index of container is 1452 points, however it was 1423 points one month ago and 711 points one year ago.
Partner of MSK, CMA CGM has comprehensively increased the freight of each shipping line as of Jun, 1, thereinto, freight rate of the Far East/Europe shipping line is increased by USD 100 dollars/case, the rate of Asia/West Africa line is increased by USD 200 dollars/case. Along with the arrival of peak period, CMA CGM will charge for peak season surcharge to the shipping line of Northern Europe, South America, Asia and North Africa.
Taiwan Evergreen Marine Company has also adjusted freight rate of shipping line from the Far East and India subcontinent to Mediterranean as of Jun, 1 with USD 200 dollars / case increased, and will adjust freight rate of shipping line from the Far East to South Africa and South America by stages from Jun, 15 to Jul, 1 with increase amplitude from USD 200 to 300 dollars / case.
In addition to this, new shipping lines are being developed constantly. China Shipping Container Lines Stock Company and Evergreen Group have newly developed AAC2 shipping line from Central China and North China to the south of west coast in America, with its first voyage on May, 29 and docking at Shanghai, Ningbo, Los Angeles and so on ports along the journey including 5 ships loaded with around 4000 containers.
American President Lines Ltd resumes PS-5 shipping line from China, Korea to California of America specially operated in peak period with 5 ships loaded with 5200 containers, connecting with Busan, Yangshan port of Shanghai, Los Angeles and so on ports.