The short-term increase in freight rates is a foregone conclusion
The consolidation market suddenly experienced changes in December. The cause was a series of attacks by Yemeni Houthi armed groups on commercial ships, which deterred the shipping companies from entering the Mand Strait. The liner companies include Herbert, Hanxin Shipping (011200. KS), Dafei, Maersk, ONE, COSCO Shipping, Mediterranean Shipping, OOCL under Oriental Overseas International (00316. HK), Evergreen Shipping (2603. TW), Yangming Shipping (2609. TW), etc. As of 17:00 on December 20th, 103 container ships (including those that detour the Suez Canal from the Far East to the East) have chosen to sail around the Cape of Good Hope. The transportation costs of liner companies will increase, and the effective capacity level will also decrease, resulting in a natural increase in freight rates. On December 22nd, influenced by factors in the Red Sea region, the freight rates in the transportation markets of Asia Europe and other routes increased significantly, driving up t...