Since the beginning of this year, global maritime prices have continued to fall in the context of a high base in the early stage, and the decline trend has accelerated since the third quarter.
On September 9, data released by Shanghai Shipping Exchange showed that the freight rate of exports from Shanghai Port to the Meixi Basic Port market was $3,484 /FEU (40-foot container), down 12% from the previous period, and the lowest since August 2020!
On September 2, the rate fell more than 20 per cent, from above $5,000 to “three”
The industry expects that overseas high inflation squeeze demand, the downward pressure of the economy is intensifying, compared with last year’s shipping price of tens of thousands of dollars, the fourth quarter of the global freight market is still not optimistic, or will appear in the peak season is not prosperous market, freight rates will fall further.