Since last year, due to the "Red Sea crisis," shipping prices have risen exponentially, and some routes have even increased from $2,000 to $8,000, making many textile workers miserable. The rise has only abated in recent months.

But recently, with the arrival of the peak season, sea freight prices have rebounded again.

Sea freight rates rebounded

Last week, container rates on mainstream east-west routes rebounded slightly after 15 consecutive weeks of declines. Due to the implementation of the general freight rate increase (GRI) on the Asian outbound route, container freight rates have temporarily stopped falling and recovered.

Due to Trump's behavior in taxation when he was last elected to the United States government, and the recent increase in tariff slogans during the presidential campaign, the market is worried that Trump may be elected president of the United States and offer tariff sanctions, leading cargo owners to ship in advance after the November election, making the North American route in a full state, and the explosion at the end of October may continue to November.

At the same time, the Red Sea crisis intensified, shipping supply continued to be tight, pushing up freight rates for a long time.

European routes are affected by shipping company cabin control policies, including empty flights, slow down and other measures, as well as the flight evacuation back to Asia to load cargo strategy, coupled with the entry of long contract signing season, shipping companies hope to stabilize freight rates by raising prices, thereby boosting the spot market and pulling up long contract prices.

Analysis data shows that in October, a total of 168 Asia-Europe routes, 21 voyages were canceled, making the original planned 1.88 million teu capacity reduced to 1.57 million teu, further tightening the market capacity.

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