The container shipping rate from East Asia and China to the United States has faced fluctuations this week, but due to port traffic and steady demand, it remains under upward pressure. This rate increase, effective from October 1, 2023, is particularly significant under current conditions.
Container Shipping Rates and Rising Costs
According to available information, the major container shipping company CMA CGM has decided to impose an additional charge known as the Peak Season Surcharge (PSS) of $4000 for each 40-foot container (FEU). This decision reflects the increasing pressure that the maritime transport industry is feeling due to heavy traffic at Asian ports and ongoing demand for shipping services.
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Factors Affecting Rates
Port traffic in various regions of Asia, especially in China, has significantly increased, which in turn has led to longer waiting times for ships at ports and reduced service efficiency. At the same time, steady demand for goods shipped from Asia to the United States continues to act as a key factor in increasing rates. This situation not only affects shipping rates but could also have broader economic consequences for the global supply chain.
It is also worth noting that given the high demand for various products, these rising rates are expected to persist, and the maritime transport industry is likely to face more challenges in the near future. In this context, tracking rate changes and adjusting appropriate business strategies for companies is of high importance.
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