{"id":6980,"date":"2023-09-21T11:34:33","date_gmt":"2023-09-21T08:34:33","guid":{"rendered":"https:\/\/navisgroup.com.ua\/2023\/09\/21\/freight-rates-china-2023\/"},"modified":"2024-05-30T15:03:15","modified_gmt":"2024-05-30T12:03:15","slug":"freight-rates-china-2023","status":"publish","type":"post","link":"https:\/\/navisgroup.com.ua\/en\/2023\/09\/21\/freight-rates-china-2023\/","title":{"rendered":"Freight rates in major China ports"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6980\" class=\"elementor elementor-6980 elementor-501\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ce1dd52 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ce1dd52\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61ea18d9\" data-id=\"61ea18d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-58a41d1 elementor-widget elementor-widget-heading\" data-id=\"58a41d1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 17-10-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Freight rates from main Chinese sea ports\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-697a84b2 elementor-widget elementor-widget-text-editor\" data-id=\"697a84b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 17-10-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div class=\"xdj266r x11i5rnm xat24cr x1mh8g0r x1vvkbs x126k92a\"><div dir=\"auto\">Navis Group offers comprehensive freight rate analysis from major ports in China from the beginning of 2023 up to now.<\/div><div dir=\"auto\">\u00a0<\/div><\/div><div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\"><div dir=\"auto\"><span style=\"color: var( --e-global-color-text ); text-align: var(--bs-body-text-align);\">In late July-August, shipping lines attempted to cancel several weeks of discounts on the Asia-North Europe trade lane with a significant increase in FAK rates towards the end of the month.\u00a0<\/span><\/div><\/div><div dir=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5523\" src=\"https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2023\/11\/382755388_792755175984607_2098385566666924716_n.jpg\" alt=\"\" width=\"624\" height=\"400\" srcset=\"https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2023\/11\/382755388_792755175984607_2098385566666924716_n.jpg 624w, https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2023\/11\/382755388_792755175984607_2098385566666924716_n-300x192.jpg 300w\" sizes=\"(max-width: 624px) 100vw, 624px\" \/><\/div><div dir=\"auto\"><span style=\"color: var( --e-global-color-text ); text-align: var(--bs-body-text-align);\">Carriers explain this move as necessary to &#8220;continue offering you a wide range of high-quality services&#8221;.<\/span><\/div><div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\"><div dir=\"auto\"><p>The average spot rate XSI for Asia to Northern Europe, as reported by Xeneta, nearly halved since the beginning of the year.<\/p><p>Meanwhile, market rates for Northern Europe (including the port of Gdansk, which is currently crucial for shipments to\/from Ukraine), dropped in the past few weeks to below $1,000 USD for a 40-foot container, as demand proved weak at the beginning of the peak season.<\/p><\/div><\/div><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-503\" src=\"https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2022\/02\/p1.jpg\" alt=\"\" width=\"900\" height=\"600\" srcset=\"https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2022\/02\/p1.jpg 900w, https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2022\/02\/p1-600x400.jpg 600w, https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2022\/02\/p1-300x200.jpg 300w, https:\/\/navisgroup.com.ua\/wp-content\/uploads\/2022\/02\/p1-768x512.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p><h3>Excess Supply<\/h3><div class=\"x11i5rnm xat24cr x1mh8g0r x1vvkbs xtlvy1s x126k92a\"><div dir=\"auto\"><p>According to commentary from the Ningbo Containerized Freight Index (NCFI), the situation with &#8220;excess supply&#8221; on the route has not improved.<\/p><p>&#8220;Carriers continue to lower their rates to secure more shipping orders,&#8221; the statement adds, noting that rates &#8220;continue to decline.&#8221;<\/p><p>Disappointing Start to Peak Season with Weak Demand for Asian Exports to the US and Europe coincided with a flow of new mega-container ships on the Asia-Northern Europe trade lane. For instance, THE Alliance FE3 (Hapag-Lloyd, ONE, HMM, and Yang Ming) will soon deploy four vessels with a capacity of 24,000 TEU, replacing ships with capacities ranging from 13,400 to 19,870 TEU.<\/p><p>Moreover, two other alliances from the East and West, jointly operating vessels, have also upgraded their Asia-Northern Europe trade lines with larger ships. The 2M alliance, with its new &#8220;giant sisters&#8221; MSC Irina and MSC Loreto, boasting capacities of 24,346 TEU, claimed the title of &#8220;world&#8217;s largest container ship&#8221; from the recently launched OOCL Spain, with a capacity of 24,188 TEU.<\/p><p>Navis Group continues to monitor developments in the container shipping market for you.<\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Freight rates from main Chinese sea ports Navis Group offers comprehensive freight rate analysis from major ports in China from the beginning of 2023 up to now.\u00a0In late July-August, shipping lines attempted to cancel several weeks of discounts on the Asia-North Europe trade lane with a significant increase in FAK rates towards the end of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/posts\/6980"}],"collection":[{"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/comments?post=6980"}],"version-history":[{"count":13,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/posts\/6980\/revisions"}],"predecessor-version":[{"id":7522,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/posts\/6980\/revisions\/7522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/media\/6524"}],"wp:attachment":[{"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/media?parent=6980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/categories?post=6980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navisgroup.com.ua\/en\/wp-json\/wp\/v2\/tags?post=6980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}