Crazy! Lottery booking! Hard to get a box! Hard to get a cabin! Hard, hard, hard!

It is reported that at this meeting, 12 train platform companies including YiXinOu distributed a total of 2,000 train berths by lottery, and the participating representatives rushed to book them.

In the space booking phase, each freight forwarder participating in the conference can only book up to 3 routes and 20 spaces. When the total number of bookings exceeds the available space, a lottery is required.

The winning companies do not get the actual space, but the right to book the reserved space first within the agreed time.

China State Railway Group Co., Ltd. recently announced that as of November 5, 10,180 China-Europe freight trains have been launched this year, setting a new record again. 927,000 TEUs have been transported, a year-on-year increase of 54%. The comprehensive round-trip load rate has reached 98.3%, reaching 21 countries and 92 cities in Europe.

Due to the continued hot market, the booking capacity for some routes is 6 times the actual number of routes!

The start of the lottery for booking space on the China-Europe Express can be said to be the contradiction between foreign trade's urgent need for export capacity and the insufficient capacity. The insufficient capacity has led to the need to reallocate resources according to market demand, and the lottery came into being.

Faced with container shortages, warehouse overflows, abandoned containers, and skyrocketing freight rates... Will there also be a lottery booking in the shipping market? We dare not imagine!

Recently, some media reported that a 40-foot high container from Yantian to Algeciras, Spain, was quoted at a sky-high price of US$10,000 !

Shanghai, Ningbo, Qingdao are still short of containers. Freight forwarders and shippers are experiencing high freight rates of 4,000 in South America, 5,000 in the East Coast of America, and 1,000 in Southeast Asia overnight, and there is no space or containers.

The contradiction between supply and demand has led to soaring prices. The China Export Container Price Index released by the Shanghai Shipping Exchange has soared from below 850 points in May to 1107.28 points on November 13, setting a record high in recent years.

It is understood that the price of a 40-foot container from Guangzhou to New York has risen to US$5,000, more than three times the price before the epidemic. The price increase of special containers is even more crazy. Some freight forwarders were charged US$4,000 by shipping companies in just one week. The price of some special containers in northern ports has even increased to US$10,000, while the price of special containers before the epidemic was only around US$1,000.

Containers are in a frenzy, and even regulatory measures cannot stop the price increase . The industry believes that the shortage of containers will continue until at least the first half of next year, and export companies and freight forwarders will continue to bear cost pressure for a period of time, while upstream shipping companies and container manufacturers will still have a period of dividends to reap.

Industry insiders pointed out that the situation of "hard to get a ship and a container" in the global shipping market will continue, and mainstream shipping companies have booked space until late December.

"To some extent, there is no upper limit on freight rates. It depends on how much the shipper is willing to pay to ship the goods." The current situation in the shipping market is unlikely to ease significantly this year.

(Source: Cross-border Cloud Classroom)