According to the latest news: Shortly after CMA CGM announced on September 9 that it would temporarily suspend spot freight rates worldwide for the next 5 months, another global shipping giant and the world’s fifth largest shipping company Hapag-Lloyd also responded quickly. , Promised not to further increase the market spot rate (Spot Rate) in the next few months!
In an exclusive interview with Lowe's Daily, the shipping giant, also from Europe, said: In fact, Hapag-Lloyd has not raised further freight rates for several weeks.
"We think that the spot freight has peaked, and we are not pursuing further increases (of freight)," Hapag-Lloyd said: "We hope that the current overheated shipping market will slowly begin to calm down."
HAPAG-LLOYD THINKS THE CONTAINER MARKET MAY CALM DOWN FROM ITS RECENT FRENZY OF PRICE RISES.However, unlike CMA CGM, which clearly stated the validity period for the suspension of fare increases (September 9, 2021-February 1, 2022), Hapag-Lloyd did not provide a timetable for the freezing of spot freight rates for the time being, and said The freeze on spot freight increases will take effect "temporarily".
As we all know, since the outbreak of the epidemic, especially in the recent year, due to tight shipping capacity and strong market demand, the current ocean freight rates have been pushed up to unprecedented levels. Among them, spot freight accounts for a large proportion of the market.
Hapag-Lloyd CEO Rolf Habben Jansen said last month: “If we try not to follow the market (mark up), then we will receive so many bookings that our system crashes. But today almost There is no space for extra cargo, which leads to these crazy prices,"
Maersk's statement on freezing spot freight
"(Compared to spot freight) we are more inclined to sign long-term contracts with customers, and this share has now increased to about 60% of our total orders."
ONE's statement that it freezes spot freight
As one of several shipping companies that are more restrained in the freight market, this Japanese shipping company said it will maintain its existing freight rate strategy.As China, the United States, the European Union and other countries have gradually increased their monitoring of the current out-of-control shipping market, some shipping companies have also seen that ocean freight has reached the ceiling, and as subsequent small and medium-sized retailers’ orders have fallen due to high ocean freight, they have given up It is a good idea to target the long-term contract with more long-term significance for the spot freight, which is closely watched by the industry!
In any case, we would like to praise CMA CGM who sounded the "first shot" in the sea freight blocking battle. Hapag-Lloyd has already followed up, and other shipping companies should continue to respond next week!
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