Chemlong Wax

In May, the seller's order volume was low, but the sea freight prices skyrocketed. The sustained demand for transportation capacity, blank sailing plans, and pessimistic predictions about the prospects of the Red Sea crisis are all driving the rapid increase in ocean freight rates. The freight rates for the Asia to Latin America route have significantly increased, reaching $9000 to $10000 per 40 feet.

Recently, leading shipping companies such as Maersk, DaFei, and Herbert have disclosed information on route fare increases, covering routes from Asia to Europe, North America, South America, and other directions.

Many freight forwarders in the industry have bluntly stated that as the mid year promotion approaches, many sellers are grabbing containers, making it difficult to find one container. The wave of price increases in sea freight is likely to continue until June, with some popular routes offering sea freight prices approaching 10000 yuan.