Just when the world is still hit by the epidemic, production is in a semi-stop state, importers are turning to rely on Chinese producers, into the second half of the year, due to the sharp rise in foreign demand and rapid recovery, the shipping market is very hot degree than the market expectations, but because of the chaos of the freight industry, so that Chinese producers can not pay for goods on time, even if there are orders, profits are also significantly compressed.
According to mainland media reports, many Chinese containers are shipped from Shanghai port to Anji Shangang Terminal, and the lack of boxes is the most obvious situation. In previous years, the number of empty containers at Anji Shangang Terminal could reach more than 9,000, but at present, “one container is hard to find”, the number of empty containers plummeted to more than 100, a full reduction of about 80%, while the ship waiting time from the original hours lengthened to two or three days.
Ltd. said Li Wei, assistant general manager of Huzhou City, Zhejiang Province, “can be said to be a box is difficult to find, empty boxes in the feeder ships were all manufacturing enterprises to grab and empty, simply can not cope with the needs of the entire export business.
International freight rates doubled twice the asking price of 10,000 yuan also difficult to find a box
Along with the shortage of containers, shipping prices are rapidly soaring. There are mainland media reports, 40-foot container from Shanghai to the U.S. West Coast freight, from May last year, $ 1550 soared to $ 4500 in January this year, more than twice the price. As for the cost of large containers to Europe, more rose to $ 9,800, many people can not buy the container even if the price of $ 10,000. In addition, the Shanghai Shipping Exchange data show that on January 8, China’s export container freight rate composite index at 1753.85 points, a record high. While the average value in May 2020 was only 837.74 points.
The severe shortage of containers and the continued rise in freight rates are estimated to last until the beginning of this year or beyond.
The epidemic has completely disrupted international shipping
The problem of lack of containers in China stems from the epidemic disrupting freight logistics from China to the rest of the world, with a large number of empty containers “stranded” in the United States, Europe and Australia and many other places, and containers going out from China but not coming back. Comprehensive foreign news reports, China because of the epidemic had once closed the port, although the logistics industry in the second quarter to restore normal, but at the same time Europe and the United States began to implement anti-epidemic blockade measures, affecting the logistics operation of European and American ports, port container processing time multiplied. Among them, the German container disembarkation process took up to 2 weeks.
Inventory squeeze problem is serious Chinese foreign trade enterprises screaming for a long time
In the face of a steady stream of orders, but the supply of containers exceeds demand, and ultimately suffer from the pressure of a number of Chinese production enterprises. In Anji, Zhejiang Province, operating furniture production enterprises Ding Chen said, the second half of 2020 exports rose sharply, the company’s orders have been scheduled to June 2021, but the delay in shipping, the backlog of goods serious problems, inventory costs rise. Ding Chen said, “not only is the inventory cost rise, want to get the container to spend more money, 2020 more money spent on the container on more than 3 million, net profit shrinkage of at least 10%”. Another foreign trade enterprises said they are facing the same pressure, only through product price increases to digest part of the cost, but most can only be borne by themselves.
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