This week, China’s export container transport market performed well, and freight rates in most ocean routes continued to rise, and the comprehensive index continued to rise, but freight rates on some routes fell from high levels. On June 28, the Shanghai Export Container Comprehensive Freight Index released by the Shanghai Shipping Exchange was 3714.32 points, up 6.9% from the previous period.
Some major shipping companies, such as Swiss Mediterranean Shipping Maersk Line, have announced plans to increase freight rates for routes to Europe and the United States
The frequency converters, voltage regulators, and uninterruptible power supplies (UPS) produced by our company Blue Whale Power Supplies (BWPS) have recently continued to increase in orders in the European and Middle Eastern markets, and the order volume has increased by about 50% compared with the same period last year. However, due to the continued rise in ocean freight prices, it is difficult to book space, and many of the company’s goods have been delayed in shipment, and the latest has been delayed by nearly a month from the original schedule.