Ocean freight rates have declined in recent weeks. According to Freightos, Asia-US West Coast prices (FBX01 Daily) fell 8% to $2,978/Forty Equivalent Units (FEU).
It has become a buyers’market as ocean carriers now have to work hard to attract cargo owners. Ocean carriers are offering significant discounts on Asia exports to the US and Europe. It is the best time for you to ship your order.
Sea freight, which was unaffordable at the time last year, has basically fallen back to before the epidemic.
This wave of plummeting freight rates began in July this year, and the rate of decline increased even more in September. On September 23, the Shanghai Export Containerized Freight Index (SCFI) fell to 2072.04 points, down 10.4% week-on-week and about 60% lower than the beginning of the year.
At present, the freight rate of the Asia-West America route has plummeted from the high point of 20,000 US dollars/FEU a year ago. In the past half a month, the freight rate of the US-Western sea freight has dropped below 2,000 US dollars, 1,900 US dollars, 1,800 US dollars one after another. Four major barriers of US dollar, 1700 US dollars and 1600 US dollars!
It fell 8% to $2,978 per 40 equivalent units (FEU). This price is 82% lower than the same period last year.
September is usually the start of the busy season for U.S. ports, but the number of imported containers at the Port of Los Angeles in September this year was only higher than during the 2009 U.S. financial crisis, compared with the number in the past dozen years.
Now is a good time for buyers who have been struggling with freight rates last year. It’s time for air purifier purchasing.
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Post time: Nov-11-2022