Will the sea freight drop?

As of yesterday (September 27), 154 container ships waiting for port in Shanghai and Ningbo had pressed 74 in Long Beach, Los Angeles, becoming the new

“blocking king” of the global shipping industry.

At the moment, more than 400 container ships around the world are unable to enter the port. According to the latest data from the Los Angeles port authority,

cargo ships have to wait an average of 12 days, of which the longest has been waiting for nearly a month.

If you look at the dynamic chart of shipping, you will find that the Pacific is full of ships. A steady stream of ships are sailing to the East and west sides of the

Pacific, and the ports of China and the United States have been hit the most.

Congestion has been worsening.

As for the hard to find “one box” and sky high freight, it has plagued global shipping for more than a year.

The freight rate of a 40 foot standard container from China to the United States has risen more than five times from more than 3000 US dollars to more than

20000 US dollars.

In order to curb the soaring freight rates, the White House made a rare move and called for cooperation with the Department of justice to investigate and punish

anti competitive acts. The United Nations Trade and Development Organization (UNCTAD) also made urgent appeals, but they all had little effect.

The high and chaotic freight also makes countless small and medium-sized enterprises engaged in foreign trade want to cry without tears and lose their money.

The protracted epidemic has completely disrupted the global shipping cycle, and the congestion of various ports has never been alleviated.

Experts predict that sea freight will continue to grow in the future.