Shipping companies are planning to adjust up the freight in mid-Jun

Some consolidators deployed more ships in terms of European route and America route, expecting shipment to be big after Shanghai's lockdown ended, while the shipment was worse than anticipated at first and may be big until mid-Jun.

It was learned that some consolidators are planning to raise price from mid-Jun and the increment may be at least 10% or above, not ruling out to revise up price by collection of additional charges at first. The pressure of increasing price was mainly from the following aspects: firstly, the shipment is estimated to gradually ascend after Shanghai's lockdown stopped. Secondly, insiders worried the strikes of workers at ports in the West Coast of America would impact the global shipping capability. In addition, the port congestion in Europe due to the Russia-Ukraine conflict, soaring oil price, the transportation slowdown of shipping companies in response to the new regulations on environmental protection and the ahead of schedule of peak season and so on were other factors.

The world's major shipping companies began to evaluate the increase in freight rates. According to industry insiders, as it is the first increase since a series of falls, the increase should not be small, and the time point for the increase is expected to be around mid-June.