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Shipping consulting agencies stated that since Hanjin Shipping declared bankruptcy, the main container shipping routes from Asia have been The spot market freight rate increased by %. Data from shipping booking websites show that the average price per container shipped on the Asia-U.S. route once jumped to the U.S. dollar, up % from the U.S. dollar a week ago.
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/> Shen Wan Hongyuan also said that the bankruptcy of Hanjin will bring about the withdrawal of shipping capacity, which may benefit container freight rates in the short term. Due to its sudden declaration of bankruptcy, some freight forwarders have transferred goods to other ships. In the short term, major cargo owners will only choose shipping companies within the alliance (including COSCO Shipping Lines, Taiwan Evergreen Line, Taiwan Yang Ming Marine Lines and Japan's Kawasaki Kisen) to replace them. Hanjin Shipping, therefore the above-mentioned companies will benefit first. The agency said that based on the freight forwarder's quotation, it is expected that there will be a significant increase in freight rates after May.
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