COSCO
SITC
PACIFIC LINES
Monday, 21/09/2020, 06:38 (GMT +7)
407
Box rates still on the way up after regulatory warnings
Both the Pacific and Asia to Europe rates have shown increases this week even after regulatory authorities in China, the US, Europe and South Korea have moved to monitor rates in both trades.
Asia to Europe rates were US$2,214/FEU today up from US$1,385/FEU on a year ago and by US$347/FEU on last week’s Freightos FBX11 index which recorded rates of US$I,867/FEU for 11 September.
Meanwhile, rates on the dynamic trades in the Pacific were also up as the FBX01 settled at US$3,805/FEU on 18 September an increase of US$22 on 17 September and US$104/FEU on 11 September levels. A year ago the FBX01 stood at US$1,140/FEU, less than one third of today’s levels.
Consultant Jon Monroe points to retail sales figures for August showing a year-on-year increases.
“According to the U.S. Census Bureau retail sales were up 2.6% in August when compared with August last year. According to the National Retail Federation, sales were up 5.6% in August when compared with last year. The difference is that the NRF focuses on pure consumer retail and doesn’t include automobiles, restaurants and gas stations. It is also reported that in spite of the stay at home culture under COVID, consumers will spend more on Halloween,” said Monroe.
Demand has now reached and surpassed the pre-Covid-19 levels, on the Pacific trades. It is not clear whether this trend will continue after the China’s Golden Week or even into the post-Halloween period.
According to Monroe the glut of cargo has seen NVOCC’s benefit with shippers offering “thousands of TEU” to the non-vessel operators because they can no longer get space from the carriers.
The lack of space and rising rates prompted regional regulatory bodies in Asia, Europe and the US have all expressed their concerns over the soaring rate increases with the US Federal Maritime Commission threatening court action for any foul play, while China’s Ministry of Transport and Communications has asked lines to refrain from further increases and to restore capacity.
Shippers in Korea have requested government intervention to restrain carriers from imposing further increases, amid fears for many smaller manufacturers and shippers who they say are under particular pressure.
Source: Nick Savvides / Container-News
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
.webp)
_(2).webp)
HOT PROMO
See more
2930
Other
Expiry date
CÔNG TY TNHH DỊCH VỤ LOGISTICS BẢO VẬN
2.6
1875
FCL
23 Days
Freight cost
Expiry date
NP LOGISTICS CO.,LTD
2.5
24
Other
Expiry date
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
Verified
1.3
82
FCL
25 Days
Freight cost
Expiry date
 Nền Trắng.webp)
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
74
FCL
25 Days
Freight cost
Expiry date
CÔNG TY CỔ PHẦN THT CARGO LOGISTICS
0.2
WHY PHAATA.COM?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find price quickly
and
Send quote request
Compare Quotes
and
Selection
Contact for Further Consultation
and
Send request booking
Get feedback
and
Direct Negotiation
Management
and
Evaluate
Freight rates
Sea freight
7
Days Transit
- $300 / 20'GP
Valid till: 2026-01-31
CÔNG TY TNHH SHIP LINK VIỆT NAM
0.4
20
Days Transit
- $815 / 20'GP
- $1,010 / 40'GP
Valid till: 2026-02-27
Chi nhánh tại Khu vực Bắc Bộ - Công ty TNHH Giao nhận vận chuyển Quốc tế Trường Hải
3
25
Days Direct
- $1,390 / 20'GP
- $1,760 / 40'GP
- $1,760 / 40'HQ
Valid till: 2026-01-31
SOV（越南海光）
0.1
45
Days Transit
- $3,400 / 40'HQ
Valid till: 2026-02-14
Công ty T&T Global Agency
1.8
16
Days Transit
- $180 / 20'GP
- $520 / 40'GP
- $520 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
3
Days Direct
- $0 /cbm
Valid till: 2026-01-31
WR1 MASTER CONSOL
Verified
2.1
8
Days Direct
- $0 /cbm
Valid till: 2026-02-01
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
0.1
19
Days Direct
-
Refund
$75 /cbm
Valid till: 2026-01-31
CÔNG TY TNHH VẬN TẢI BIỂN MINH NGUYÊN
2.6
30
Days Direct
- $40 /cbm
Valid till: 2025-12-31
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0.1
30
Days Transit
- $50 /cbm
Valid till: 2025-12-31
KHAI MINH GROUPS CO., LTD – Ho Chi Minh Branch
2.6
Air freight
1
Days Direct
- 1.9 $/kg
Valid till: 2026-01-31
CÔNG TY TNHH EVERGLORY LOGISTICS VIỆT NAM
2.6
7
Days Transit
- 5.3 $/kg
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN DỊCH VỤ VÀ HẠ TẦNG Ô TÔ THÀNH CÔNG
2.1
4
Days Direct
- 8.05 $/kg
Valid till: 2026-01-17
AN BÌNH EXPRESS
2.6
4
Days Transit
- 3.7 $/kg
Valid till: 2026-01-31
MAXTENA SHIPPING&FORWARDING AGENT CO., LTD
2.7
1
Days Direct
- 2.5 $/kg
Valid till: 2026-01-10
TTL Cargo Max
2.6
Rail freight
20
Days Direct
- $7,300 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
Verified
3.8
3
Days Direct
- $450 / 20'GP
- $600 / 40'GP
- $600 / 40'HQ
Valid till: 2025-09-30
SilverSea Co.,Ltd
2.5
26
Days Transit
- $6,710 / 40'GP
- $6,710 / 40'HQ
Valid till: 2024-12-31
WORLDLINK LOGISTICS VIET NAM COMPANY LIMITED
1.8
10
Days Direct
- $1,000 / 20'GP
- $1,000 / 40'GP
- $1,000 / 40'HQ
- $1,000 / 45'HQ
Valid till: 2024-12-31
VIPUTRANS
1.8
3
Days Direct
- $706.5 / 40'HQ
Valid till: 2024-10-31
CÔNG TY CP PROSHIP
1.8
Road freight
6
Hour
- $136.44 / 20'GP
- $155.39 / 40'GP
- $155.39 / 40'HQ
Valid till: 2026-01-31
CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ TIẾP VẬN ĐẠI DƯƠNG
0.6
1
Day
- $155.39 / 40'GP
Valid till: 2026-02-18
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ 3N
0.1
9
Hour
- $570 / 20'RF
Valid till: 2025-11-30
Headway Joint Stock Compnay
3.5
2
Day
- $2,263.3 / 20'GP
- $3,017.73 / 40'GP
- $3,017.73 / 40'HQ
- $3,017.73 / 45'HQ
Valid till: 2026-10-31
CÔNG TY CỔ PHẦN MORNING LOGISTICS
2
1
Day
- $169.75 / 40'HQ
Valid till: 2025-09-30
CÔNG TY TNHH LOGISTICS FV
2.5
Request For Quotes
Help you send and receive quotes from Forwarders on the market quickly and efficiently.
See more
