To make a textile order, making the order on time with quality and quantity is only part of it, and timely delivery to the customer is equally important.

Recently, sea freight continued to rise because of the Red Sea crisis, the momentum of price increases has not stopped, because of inflation in Europe and the United States, ports around the strike wave. Shipping companies will naturally not miss this opportunity to continue to raise prices.

Sea freight rose nine times in a row

The imbalance between supply and demand in the maritime market has intensified, the shortage of boxes and the congestion of the port have become more and more serious, and the freight index continues to rise, and the latest Shanghai export container Freight Index (SCFI) announced on the 7th rose by 4.6% to 3184.87 points, achieving nine consecutive weeks of rising momentum, but the increase has slowed down compared to the past four weeks. This week, the four main routes have shown a rise in freight rates.

The freight rate for European routes reached $3,949 per TEU, up $209 or 5.58% for the week. The freight rate for the Mediterranean route reached $4,784 per TEU, an increase of $64 or 1.35%. The West-U.S. freight rate was $6,209 per FEU, a slight increase of $41, or 0.66%. The rate increase for the US-East route was relatively large, with the rate per FEU increasing by $241, or 3.34%, to $7,447.

It is worth noting that the Southeast Asia (Singapore) route, which is concerned about port congestion, rose as much as 14.63% weekly.

Industry analysis believes that the increase in the volume of goods in the United States is mainly due to two factors: one is the demand for replenishment of inventory, and the other is the psychological factor of shipping ahead of schedule delay. The latter manifests itself in double-booking or overbooking, exacerbating capacity shortages and pushing up rates. Some shipping companies have observed that some low-priced goods have reduced shipments or delayed shipment times due to high freight rates.

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