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Accelerating freight rate erosion across the major shipping tradelanes is causing analysts to revise predictions of a ‘normalisation’ of the container market.
According to a new HSBC research paper, at the current speed of spot rate erosion, market rates could fall to 2019 levels as early as the end of this year –previous expectations were for mid-2023.
The paper’s authors note that the Shanghai Containerized Freight Index (SCFI), which tracks headhaul spot rates from China, has fallen by 51% since July, representing an average 7.5% weekly decline which, if continued, would crash the index back to pre-pandemic levels.
“We argue that weaker-than-expected demand, faster easing of congestion and price competition to get marginal cargo led to this decline,” said the bank’s analysts.
Based on this backdrop, HSBC’s shipping, ports and Asia transport research team is advancing its “trough scenario”, the bottoming-out point for the industry, to mid-2023, versus the previous estimate of 2024.
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As a vision, we strive to connect Chinese sellers with customers in the UAE market and World. As global ecommerce booms, especially for Chinese retailers, Amass Ecommerce is well positioned to connect Chinese sellers to a growing market by offering logistics and delivery services to local customers as well as to Amazon and Noon warehouses.
Amass Ecommerce directly handles and facilitates the sea cargo and shipment preparations (including but not limited to labelling, packing, storage etc.) accordance to inbound guidelines, import brokerage, duties & customs clearance for all ecommerce shipments including Amazon and Noon bound shipments.
For more information, kindly feel free to connect on below contacts:
Email: nabeel@dxb.amassfreight.com
Call & WhatsApp: 00971509093357
作为愿景，我们努力将中国卖家与阿联酋市场和世界的客户联系起来。随着全球电子商务的蓬勃发展，尤其是对中国零售商而言，Amass Ecommerce 已做好准备，通过为当地客户以及亚马逊和 Noon 仓库提供物流和送货服务，将中国卖家与不断增长的市场联系起来。
Amass Ecommerce 直接处理和促进海运货物和装运准备（包括但不限于标签、包装、存储等），根据入境指南、进口经纪、关税和清关等所有电子商务货物，包括亚马逊和 Noon 绑定货物。
欲了解更多信息，请随时联系以下联系人：
电子邮件：nabeel@dxb.amassfreight.com
致电和WhatsApp：00971509093357
Only For Heavy Shipments.
Pan World Shipping have started to accept Hydrogen Peroxide from India (Nhava sheva, Mundra, Vizag, Chennai) to Novorossiysk.
Call/WhatsApp: +919580825991
Pan World Shipping have started to accept Hydrogen Peroxide from India (Nhava sheva, Mundra, Vizag, Chennai) to Novorossiysk.
Call/WhatsApp: +919580825991
POL: PERTH AUSTRALIA
POD: MUNDRA ICD GARHI
CONT: 09X40 HC
COMM: FOOD GRANES GENERAL
WEIGHT: 25 TON PER CONT,
TARGET RATE: USD 2300/HC
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