IDespite businesses complaining, sea freight rates after skyrocketing, shipping lines continue to announce further increases in fees in the context of the Covid-19 pandemic causing a crisis in many countries around the world. The world's three largest container shipping lines have sent notices to customers about the rate increase in late May and early June, an increase of about $400-800 per container. Specifically, German shipping line Hapag-Lloyd announced an increase in surcharges for all types of dry goods, refrigerated goods, containers ... with 960 USD / 20' container and 1,200USD / container. 40'. Then MSC increased the new peak season surcharge, applied from May 18 with an increase of $800/container...
By the end of the first quarter of 2021, Cosco shipping company's profit increased 26 times over the same period last year, reaching $ 2.71 billion thanks to the strong recovery of the container shipping industry. Its revenue also increased by 80% (equivalent to US$9.87billion), of which revenue from container shipping increased by 82% (equivalent to US$9.67billion). Similarly, Maersk shipping company estimated revenue of $12.4 billion and net profit of
$3.1 billion in the first quarter, shipping volume increased by 5.7% and average freight rates increased by 35% compared to the previous quarter in the same period in 2020. Also in a recent report, Maersk predicts that the group's full-year net profit may be twice as high as the previous estimate, reaching about $9-11 billion.
VN Seafood team
Source: VASEP
