Dynamic report on railway and highway industry: three factors push freight prices up significantly; shipping companies raise European line FAK rates
Core viewpoints
1) The increase of cargo volume superimposed by the Red Sea effect and the control of shipping companies jointly promoted the significant rise of freight rates. Among the main routes, the increase of European routes is particularly noticeable, with the largest increase of 16.69%.
2) Dafei and Hebrot raised the European FAK rate, which came into effect on May 15. Compared with the previously announced adjusted freight rate effective on May 1, the price of small containers increased by $500, and the price of large containers and high containers increased by $1000.
3) President Lopez of Mexico signed a decree imposing temporary import tariffs of 5% to 50% on 544 commodities such as steel, aluminum and textiles.
Industry dynamic information
Industry overview: From the performance of shipping sub sectors relative to Shanghai Shenzhen 300, the shipping port sector rose this week (April 22 April 26). The shipping sector rose 3.91% this week, while the port sector rose 2.13%.
Shipping ports: three factors have pushed the freight rate up significantly. Shipping companies have raised the European line FAK rate, the Red Sea effect, the demand for cargo volume, and shipping companies' cabin control, all of which have jointly pushed the freight rate up significantly.
This week, the Shanghai Airlines Exchange announced the latest Shanghai export container freight index (SCFI), and the four ocean routes rebounded together, jointly promoting the significant growth of the freight index. Among the four major routes, the increase of European routes is particularly noticeable, with the largest increase of 16.69%; The US West and US East routes also increased by more than 10%, becoming an important force to promote the rise of the overall freight index. At present, the tension in the Middle East has prolonged the impact of the Red Sea crisis, which has effectively reversed the imbalance between supply and demand of container ships.
Dafei and Heberot raised the European FAK rate. On April 26, Dafei and Heberot released an announcement on their official websites, raising the rate to Nordic FAK, which came into effect on May 15. Compared with the previously announced adjusted freight rate effective on May 1, the price of small containers increased by $500, and the price of large containers and high containers increased by $1000.
President Lopez of Mexico signed a decree imposing temporary import tariffs of 5% - 50% on 544 commodities such as steel, aluminum and textiles. On April 22 local time, President Lopez of Mexico signed a decree imposing temporary import tariffs of 5% to 50% on 544 commodities, including steel, aluminum, textiles, clothing, shoes, wood, plastics and their products, chemical products, paper and cardboard, ceramic products, glass and its manufactured products. It is understood that the decree came into force on April 23 and is valid for two years. According to the decree, 35% temporary import tariff will be levied on textiles, clothing, footwear and other products; Round steel with diameter less than 14 mm will be subject to 50% temporary import tariff.
