Ocean Freight Price Analysis

Will the price of ocean freight rise or fall in the near future? Analysis by Jingtai Steel Coil Factory:
First, the United States has basically ended the destocking stage and entered the restocking stage. The volume level of trans-Pacific routes has gradually recovered, driving up freight rates.
Second, in order to avoid possible tariff adjustments by the United States, companies going to the US market have transferred their production lines to Latin America through the Latin American market, including the automobile manufacturing industry and infrastructure industry, resulting in a concentrated outbreak of demand for Latin American routes. Many shipping companies have added routes to Mexico to meet the growth in demand.
Third, the situation in the Red Sea has caused a shortage of resources on European routes. From cabin space to empty containers, European freight rates are also rising.
Fourth, the peak season of traditional international trade has come earlier than in previous years. Usually, the overseas summer sales peak season begins in June each year, and freight rates will rise accordingly. This year's freight rate increase is one month earlier than in previous years, which means that this year's sales peak season has arrived earlier.
"In the future, container freight rates will continue to rise. First, the traditional overseas sales peak season is still continuing, and Europe will host the Olympic Games in July this year, which may push up freight rates; second, inventory reduction in Europe and the United States has basically ended, and the United States is also constantly raising its expectations for the development of the country's retail formats. With rising demand and tight shipping capacity, it is expected that freight rates will continue to rise in the short term.
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