Currently, many port congestion again intensified, the global over 350 cargo ships are queuing up waiting for unloading. It is said that the current repeated epidemic may make the global shipping system face the largest crisis since 65 years.

Growing global port congestion

A shipping port performance shares see hi

According to foreign media reports, as of now, 353 container ships are queuing outside the port around the world, more than double the same period last year.

Domestically, the Ningbo-Zhoushan Port emergence of new outbreaks of pneumonia crown distributed August 11, Meishan Port closed, Meishan Port ships have been adjusted to other port operations, the number of parked southeastern coastal city of Xiamen in China's container ships from earlier this month 6 increased to 24, the domestic port congestion is intensifying.

Analysts believe that, during the epidemic countries to strengthen border management and control, the traditional supply chain is affected, people around the needs of online shopping has increased significantly, leading to the surge in sea freight, ports overwhelmed. In addition to the epidemic, the global port infrastructure is also an important reason for the congestion of freaks. In this regard, the sea transport sectors, said control, automated port reform will undoubtedly be a trend in the development of the industry, and for shipping companies, the implementation of digital reform, the same can improve port handling efficiency.

Sea port severe congestion, resulting in some maritime routes prices soared more than 10 times. In the industry view, the shipping industry's hot market will continue until the end of this year, while next year the market is remains to be seen. Thanks to the shipping industry's hot market, my country's shipping industry listed companies in the first half of 2021 there has been substantial growth performance since August cumulative port and shipping sector rose 4.31 percent. According to sort out, Yantian Port, Bohai Sea ferry, the long voyage Phoenix in the first half net profit rose 49.99%, respectively, 9441.50%, 630%; COSCO sea control, Ningbo Marine expects first half net profit rose to 3162.36%, respectively, 500% - 750%. CSC said that three quarters of Super Cargo season has opened, continue to push demand for space, leading to a serious imbalance between supply and demand unilateral market structure will continue, with high-quality port configuration value.

Global supply chain is facing a huge threat

Port congestion, a global supply chain "disorder" of the core bottleneck. According to statistics, since about 42% of global exports from chaos Asian, Asian markets are likely to distort the global supply chain. Affected variation crown new virus "Delta", many Asian countries face a new wave of the epidemic, causing many factories and ports paralyzed, the impact of the global supply chain.

Open Source Securities chief economist Zhao Xinhua Finance, said shipping on the global supply chain of the "threat" from two aspects: on the one hand, shipping freight rates remain high, pushing up global supply chain transportation costs; since May 2020 global Containerized freight index has surged nearly 4 times; on the other hand, tight capacity, resulting in global trade supply is limited. A shortage of shipping capacity, shipping nearly force played, a serious shortage of new capacity, as well as a number of important ports "labor shortage", greatly reduced the number of seamen and other closely related in.

Looking ahead, with European and American demand for imports remain high, industry new capacity serious shortage of seafarers gap persists, superimposed on high oil prices, shipping capacity or sustained tension among the high tariffs.

Many domestic and foreign retailers said that due to ongoing supply-chain disruptions, they are facing a shortage of inventory problems, due to the cost increase, forced to part of the costs passed on to consumers.

Nike's case, the company warned in Vietnam made Nike sneakers may face the risk out of stock. 2021 second quarter, Nike in the US seaborne imports, 49% came from Vietnam. Nike Chief Financial Officer Flanders (Matt Friend) said that the current consumer market demand exceeds supply, inventory levels are reduced. The company forecast 2022 fiscal year, supply chain delays and rising costs of logistics and other issues will persist. Adidas has warned that by the end of this year, subject to supply chain constraints may make it lost sales of up to 500 million euros (about 3.8 billion yuan).

What is the status of traditional pillar industry in our country the textile industry?

For shipping prices, foreign trade enterprises can be said to be a grumbling. For example, one of the larger impact of the industry - the textile industry, in addition to bear the shipping prices continued to rise and face the status quo of high prices still can not get a space.

Guangdong to open Securities Research Institute, chief macroeconomic researcher Luo Zhiheng in an interview he pointed out that for foreign trade enterprises, international seaborne trade as the main mode of transport, shipping prices continue to rise, compressing profits of foreign trade enterprises. This year shipping market hard to find a box, which led to corporate compliance difficulties on time, late delivery resulting in inventory backlog, corporate cash flow stress. Especially for the textile industry, labor-intensive enterprises themselves low-margin, while facing rising maritime logistics this year, the RMB exchange rate fluctuations driven by rising raw material and commodity triple pressures, threats "have not received a single, exports unprofitable" prone.

Zhao also stressed that the textile export market outlook depends on the influence of "substitution effect". For textile enterprises, the tariffs of bargaining power is weak, its profitability vulnerable to the erosion of sea freight. Vietnam and other Southeast Asian countries, rapid repair capacity this year, particularly in the textile production has exceeded the pre-epidemic levels; capacity under repair, Vietnam's rapid export growth, exports two-year compound growth rate of 12.1% in the first seven months, more than before the epidemic level. Production capacity in Vietnam and other countries can be repaired, the share of exports rise, will lead to China's "substitution effect" decay.

Director of Financial Securities Research Institute of Wuhan University of Science and Technology DongDengXin said that at present my country's textile and garment export market focused on Western and Japanese markets, as these countries to improve vaccination coverage and herd immunity normalization of its textile goods imports decreased vaccination. With the global epidemic prevention and control gradually into the normalization of trade weakened demand epidemic related items, many manufacturing countries to re-start production, then the domestic textile industry will be impacted.

A textile company official Xinhua Finance, said people scared freight continued to rise, the global port congestion, shortage of positions, capacity decrease, goods can not get out, come back the balance due, the factory warehouse explosion, funds will continue to look as if the occupation ...... to the fragility of the global supply chain may collapse at any time, companies want to survive we must proceed from exports to domestic sales. In addition, he bluntly, non-normal port congestion, orders from time to time been "miss it", it will be a serious blow to market confidence in the future of the textile market.