The decline in Asia-US container spot rates does not appear to be slowing down ahead of the traditional annual contract rate negotiation season on the trans-Pacific route.   According to industry analysts, although the current global container prosperity index has taken a sharp turn for the worse, from the fourth quarter of last year to the first quarter of this year, major shipping companies around the world have begun to reduce shifts, slow down and increase the speed of ships withdrawing from the market. The current market supply is actually Not much, and the continuous decline in freight rates is mainly due to the off-season effect that has not yet started mass shipments after the year.   Ocean shipping lines have failed to stem falling rates through capacity management blank voyage plans, putting trans-Pacific line carriers at risk of deep cuts in new cont...

  The annual Trans-Pacific Maritime Meeting (TPM) is held in Long Beach, USA, which is also a traditional occasion for shipping companies to negotiate long-term contracts with cargo owners. According to the Wall Street Journal, people familiar with the matter revealed that the long-term freight rates obtained by large shipping companies are already about one-third lower than last year's contracts, and the contract period is the shortest or even unprecedented, only two to three months. Will really enter into a price war.   At this year's TPM conference, participants were looking for clues to several key issues: this year is the first time since 2019 that cargo owners have the upper hand, how will the long-term agreement negotiations proceed? How long will the global trade downturn starting in the second half of 2022 last? Can container carr...

  The freight rate of container shipping fell for the eighth consecutive week, and the freight rates of the three major long-haul routes fell year-on-year. However, the industry expects that the freight rates will soon bottom out, and the freight rates are expected to rebound slightly in March.   According to the latest data released by the Shanghai Airlines Exchange on March 3, the Shanghai Export Containerized Freight Index (SCFI) fell 15.6 points to 931.08 points last week, a weekly drop of 1.65%. Not only did it show eight consecutive declines, but it also stayed below the 1,000-point mark for four consecutive weeks, but the decline was significantly restrained from the 2.87% of the previous week, reflecting that the declines in the three major long-haul freight rates also converged simultaneously.   Last week, the freight rate per TEU on the...