Lates News

International shipping prices have continued to rise recently. The main contract of the Container Transport Index (European route) futures has increased by over 50% since late April. In addition, top shipping companies such as Maersk and CMA CGM have issued multiple price adjustment notices due to tight capacity on many routes. The head of an international freight forwarding company in Suzhou, Jiangsu Province, stated that shipping prices have risen to varying degrees on European, South American, and Southeast Asian routes recently, at a speed and magnitude that are quite unusual. Industry insiders say that the main reasons for this round of price increases in shipping are the geopolitical tensions in the Middle East raising shipping costs, the refinement of global division of labor and geopolitical risks leading to sustained inventory replenishment demand. In addition, overseas stocking demands have been concentrated and released, leading to a sharp tightening of supply and demand for shipping space. However, the outlook for shipping prices in the second half of the year is currently unclear. (CCTV Finance)