A few sea trips to earn a ship, epidemic era again?
According to foreign media, the liner company Europe and the United States line from June 1 per 40 feet box freight rate will rise $1,000, the United States line for long about customers will levy $600 season surcharge, a shipping company also issued July 1 per 40 feet box levy $2,500 season surcharge plan, to let the low price contract of the long about freight owners out several times. A well-known freight forwarding executive pointed out that now it has entered the era of the epidemic, and container ships can earn back the ship price by running 3.5 to 5.7 times on the European and American lines.
Starting from June 1, the freight rate of the West American line per 40 feet box is about 6,500 US dollars, the East American line is about 7,300-7,500 US dollars, the European line is about 6300-6,500 US dollars, the European line is lower than the West American line, mainly because most of the European line deployed 24,000 TEU class super large container ships, the unit cost is low. The cost of the European line is estimated to be between $1200 and $1500 per 40-foot box.
The price of the United States line long contract goods signed this year is between 1500-1800 US dollars, and the gap between spot prices is getting bigger and bigger, because most of the long contract price only allows the addition of the season surcharge, and now the shipping company's season surcharge is for the long contract, proposed in July to collect 2500 US dollars in the season surcharge of the shipping company, is betting that the market rate will continue to rise in July.
A senior freight forwarder pointed out that Evergreen Shipping's first 24,000 TEU class container ship "long Fan wheel", the cost is between 140 and 160 million US dollars, the type of ship can carry 12,000 40-foot boxes, with a loading rate of 95%, can carry 1.14 40-foot boxes. At a cost of $160 million, $4,000 per box is estimated to earn $45.6 million for a trip to Europe, and 3.5 trips can earn back the ship price. Most of the deployments on the Western line are 13,000-14,000 TEU class container ships, and it is estimated that it takes 5.7 trips to earn a ship back.
During the pandemic, it took two trips to earn a boat back. Of the more than 700 container ships currently under construction, 84% are funded by the shipping companies themselves, and only 16% are long-term charters, while nearly 50% of the container ship market was long-term charters before the epidemic.
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Since the United States has raised tariffs on some Chinese goods since August 1, related goods have rushed to ship, and other goods will be affected, forcing some goods to delay shipment. Therefore, the freight forwarder estimates that after the final rush shipment time of the goods related to the tariff increase at the end of June and early July, they will be shipped for other goods, so that the market heat will be extended to August or September. The acceptance of high freight prices by end consumers is a key factor in how long the market can be hot.
