Congestion in Southeast Asian ports! Shipping prices soared to US$100,000 a day
According to a CCTV financial report, since the beginning of this year, most of the world's port congestion incidents have been frequent, and shipping prices have increased in turn, and the negative impact on all parties has gradually appeared. As an important transit point in the international shipping market, Singapore has been affected by the epidemic in many Southeast Asian countries. The volume of cargo has surged, the port has been congested, the rotation schedule has been extended, and the cost of shipping has increased exponentially.
On the one hand, the demand for freight has never been seen before, and it is still increasing sharply. On the other hand, all nodes of the global supply chain, including warehouses, seaports, etc., are all caused by the new round of the epidemic. Congestion occurred due to blockade measures in many places.
The industry believes that the current "ship shipping itinerary reliability" of shipping companies has fallen to a 10-year low, causing almost all major seaports around the world to face further delays. The time for unloading cargo at the Port of Singapore has been extended from the past one or two days to 5-7 days. Singapore Pacific Shipping Group is the largest shipping group in Southeast Asia, with nearly 100 self-owned or leased container ships on multiple routes around the world.
In the face of global port congestion, Pacific Ocean Shipping’s ocean-going freighter schedule has been extended from 70 days in the past to 90 days, and some even reached 100 days.
Singapore Pacific Shipping Group Executive Chairman Zhang Songsheng said: "Because the capacity is suppressed, the rent of the ship has also increased. A Panamanian ship with 4,200 boxes can only cost a few thousand to ten thousand US dollars a day, and now the highest is 40,000, 5 Ten thousand dollars, if you may be anxious, you can see 100,000 dollars a day."
In addition, due to rising international oil prices, rising container rents, and increasing crew rotation costs, operating costs have greatly increased.