With the business of manufacturing, trading import and export commodities, the price of freight ship volatility factor is a cause for concern. Because it directly affects the profit and business opportunity. It is worth saying that the situation freight train influenced by many factors. And business is almost only can adapt and endure. However, this is not entirely passive. By keeping track of the index of freight rates, businesses can somewhat predict fluctuations in order to have reasonable response. In the following article, HNT Logistics will work with you to find out the index BDI freight sea. At the same time is quickly update the situation and price trend freight train today.

The price of freight ship is to predict how

Index BDI freight sea

The chart's volatility index, BDI.

To get to know the fluctuations in freight rates, people resort to the economic indicators. With respect to the sea – road transport cargo international – this measure called the index of freight rates. It reflects the cost that the client must pay to transport their goods from point A to point B by sea. 

There are many type indicator freight ship different. But the most common of which is the index BDI freight sea (Baltic Dry Index). BDI is published daily by Baltic Exchangea mercantile marine, based in London. 

Technicolor, of course, the BDI is most reliable in forecasting the price of ships is because of the level of detail. It includes 23 online, and shipping is measured on bulk carrier sizes small, medium, large and extra large. Items haul is the type of bulk cargo such as coal, iron ore and grain.

Investors, shippers and carriers use this index to track market trends and make business decisions. If the index BDI increase means that the cost of shipping goods by sea is rising. In this case, the client may need to adjust business strategies to reduce the influence of the price of shipping should. Meanwhile, the carrier will move optimal schedule to be more profitable.

The factors that affect the index, BDI and price of ship

Index BDI bear many factors impact.

Index BDI freight sea very sensitive. It is influenced by many factors impact various as:

• Transportation needs: preferences and consumer habits decide the flow of freight on sea. When the demand in 1 area increase is accompanied by top quality and the price of the bet to that increase.
• Supply ships: Currently, the supply ship is still quite limited because resources need to shell out for 1 ship standard is very large. Further, the production process also takes time. If for any reason that the number of ships in 1 area reduction, the status is not sufficient to meet course rates increased.
• Fuel price: This is the reason to create affected most often. Fluctuations in the price of fuel will immediately reflect the rates ships.
• The political situation and economy: The political events and economic policies of the national, regional influence right to price. The political instability and the index recently showed this clearly.

Price, ships fluctuations like in time to come?

Update rate ship 2024

This year, the maritime transport market is witnessing the growth rates significantly. Price sea freight movements increased by 181% compared to the same period and more than 232% compared with an average year 2019. The most special is the route from Asia to North America and Europe. The positive side is to the present time, the opposite direction from Europe, the americas of Asian maintaining price stability. The status increased charges from up to 300% this is said to come from the cause:

• Teen empty containers: shipping Costs, container rose sharply, from 2900 USD up to 7.300 USD after only a few months
• Events local political instability as conflicts the Red Sea area in the peak season
• Carriers change the itinerary to ensure the security issues, leading to prolonged duration and consume more fuel.
• The policies and requirements stress from the maritime Administration

Price, ships months 7/2024 have set the peak.

The influence of price to the industry

The price of freight ship rising significantly affect production operations. Vietnam is one of the countries heavily influenced because of main export markets in Europe and North America.

The business directory faced with the pressure of high inventory before the new price. Meanwhile, agricultural products and fresh fruits have the storage period is short, easy to damaged. So, many companies have shifted to the southeast Asian market. Although subjected to high competition, but export to this will avoid problems rates. 

On the contrary, there are also many businesses have to accept lower profits in the short term. However, that is not the only loss. The shipping time longer also limit the consumption market items, fresh fruit. 

Business should do when the indicator freight rates increase?

Months 7/2024 recorded landmark new vertex in the trend growth rates for ships. Despite appearing signs of hypothermia, but only the number of freight rates is still very sensitive. Therefore, the action plan still needs to be put in place to minimize the damage.

Navigation tapping the ASEAN market is the solution of many businesses today.

For businesses, a number of solutions to deal the situation price, ships volatility is:

• Focus promotes signing long-term contracts with carriers to stabilize rates.
• Construction production planning and transport carefully. 
• Extended search market consumption, avoiding the dependency and number of customers, big key.
• Work closely with Associations to timely find out the logical solution.

These remedies help the enterprise maintain competitiveness, limiting damage and optimize the cost of shipping goods by sea.

The situation tariff ship

You think about the price of freight ship last year 2024? And you need do nothing if the index BDI freight transformer continue to climb?

Nếu giải pháp của bạn bao gồm việc tìm kiếm đại lý vận tải biển, đừng bỏ qua HNT Logistics. Ngoài mức giá tốt, HNT Logistics có đủ tuyến hải trình đáp ứng linh hoạt kế hoạch chinh phục thị trường tiêu thụ mới. Liên hệ hotline ngay để được tư vấn chi tiết hải trình và rate table save.

• 0981.655.880 (Mrs. Thi)
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