July to September is the traditional peak season for my country’s export of goods, and container freight rates have also risen. However, this year, the container freight rate, which had been going up all the way, has fallen in succession recently; while the crude oil transportation market, which has been sluggish, has ushered in the peak season ahead of schedule.
Recently it was discovered that ocean freight rates have dropped again. Every year from July to September is the traditional peak season for my country’s export of goods, but this year, the container freight rate has not only not risen, but has continued to decline, and some routes have even plummeted.
The U.S. route has dropped a lot. In September last year, the highest market price of Mason Clippers reached $50,000, and now it is more than 10,000. Routes such as the Red Sea, the Middle East, and India and Pakistan also all declined.
Contrary to the trend of container freight rates, on September 23, the China Imported Crude Oil Freight Index of Shanghai Shipping Exchange was 1816.13, up 15.41 from the previous period. In September, the freight rate of VLCCs from the Middle East to Ningbo increased from the previous month. Monthly growth of more than 15%.