Container Shipping Rates

Discussion in 'International Business' started by OMGVape, Feb 1, 2021.

  1. MY OFFICE IN CHINA

    MY OFFICE IN CHINA Full Member
    Contributor

    5,767 1,364
    Typically current rates (Yantian > Felixstowe) are:

    20ft: $5,000

    40ft: $10,000
     
    Posted: Apr 22, 2021 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #61
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  2. FaaF

    FaaF UKBF Newcomer

    28 0
    Apparently our very latest in a long line of price hikes this week for containers shipping early May....
     
    Posted: Apr 26, 2021 By: FaaF Member since: Jan 17, 2021
    #62
  3. OMGVape

    OMGVape Contributor

    577 75
    My latest 40ft just arrived, $8000 for the boat bit.
     
    Posted: Apr 30, 2021 By: OMGVape Member since: Jan 21, 2018
    #63
  4. Guy Incognito

    Guy Incognito Contributor

    265 44
    We are currently at $9350 for a 40ft HC (though expecting this to rise)
     
    Posted: May 3, 2021 By: Guy Incognito Member since: Aug 2, 2016
    #64
  5. FaaF

    FaaF UKBF Newcomer

    28 0
    How are we looking these days? My latest is 20ft FOB Nantong - Belfast at $4,950.

    I'm not looking to change forwarder as I'm happy with my current service. But I do have a desire to track prices, which is why I'm interested in keeping this post going.

    After all, pricing changes, even after my stock ships, will need to be a factor in my pricing strategy as I cannot be left with overpriced stock if shipping rates drop dramatically after the fact.
     
    Posted: May 16, 2021 By: FaaF Member since: Jan 17, 2021
    #65
  6. OMGVape

    OMGVape Contributor

    577 75
    On Friday a contract in China told me of 40ft’s going for $14,000
     
    Posted: May 16, 2021 By: OMGVape Member since: Jan 21, 2018
    #66
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  7. FaaF

    FaaF UKBF Newcomer

    28 0
    Madness. Lots of inflation ahead as we're not even into peak season yet.
     
    Posted: May 16, 2021 By: FaaF Member since: Jan 17, 2021
    #67
  8. Red Wood

    Red Wood Contributor

    680 76
    This is my current biggest fear.
     
    Posted: May 16, 2021 By: Red Wood Member since: Jan 14, 2014
    #68
  9. OMGVape

    OMGVape Contributor

    577 75
    In the news today, inflation more than doubled in a month.
     
    Posted: May 19, 2021 By: OMGVape Member since: Jan 21, 2018
    #69
  10. FaaF

    FaaF UKBF Newcomer

    28 0
    It appears that it won't be a worry for the immediate term - I'm hearing that rates for the beginning of June are due a significant rise.
     
    Posted: May 19, 2021 By: FaaF Member since: Jan 17, 2021
    #70
  11. samuel5

    samuel5 Contributor

    308 19
    June rates now being quoted $12700 for freight charges from Ningbo to Felixstowe!

    UK charges not included.
     
    Posted: May 21, 2021 By: samuel5 Member since: Apr 25, 2010
    #71
  12. FaaF

    FaaF UKBF Newcomer

    28 0
    It's getting absolutely ridiculous with no sign of an end in sight.
     
    Posted: May 31, 2021 By: FaaF Member since: Jan 17, 2021
    #72
  13. OMGVape

    OMGVape Contributor

    577 75
    Could be a game changer, all those Chinese organisations sending tons of stuff in containers then selling at very low margins to be cheapest on eBay will be suffering. Also the big UK companies importing thousands of containers at low margins will suffer too.
     
    Posted: Jun 1, 2021 By: OMGVape Member since: Jan 21, 2018
    #73
  14. MY OFFICE IN CHINA

    MY OFFICE IN CHINA Full Member
    Contributor

    5,767 1,364
    This week's rates are typically (Yantian > Felixstowe):

    20ft = $7,000

    40ft = $10,000

    There is a shortage of containers and ports are restricting amount of containers they're accepting.

    Add to that there are current local lockdowns in parts of Guangzhou & Shenzhen due to recent infections of Covid-19.

    All Guangzhou residents need to have Nucleic Acid Tests. 1700 test stations have been set up and 1.7 million will be tested per day.
     
    Last edited: Jun 1, 2021
    Posted: Jun 1, 2021 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #74
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  15. FaaF

    FaaF UKBF Newcomer

    28 0
    Yantian isn't a port id like to be shipping from this week
     
    Posted: Jun 4, 2021 By: FaaF Member since: Jan 17, 2021
    #75
  16. MY OFFICE IN CHINA

    MY OFFICE IN CHINA Full Member
    Contributor

    5,767 1,364
    Shekou port is your other option, if needing to ship from Shenzhen, but that's no better and a much smaller port.

    Yantian were limiting the containers they were processing to 5,000 per day. Given the larger vessels hold more than 20,000 containers, you can see the problems.

    Transporting containers to other ports will incur very heavy costs.
     
    Posted: Jun 5, 2021 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #76
  17. Red Wood

    Red Wood Contributor

    680 76
    We have taken this approach now. Raise the cost of our stock enough that we are selling lower volumes (thus protecting stock levels as much as possible) but making greater profits on the revenue that is generated.

    Wait for all this to blow over for anything other than core products........
     
    Posted: Jun 5, 2021 By: Red Wood Member since: Jan 14, 2014
    #77
  18. Chris Ashdown

    Chris Ashdown Contributor

    12,350 2,590
    What makes you think it will blow over, the shipping companies now know that people will pay the higher prices, just the same as oil companies do, so I would expect little lowering of prices in the long term, basic supply and demand

    Maybe China will soon price itself out of the market with higher labour costs
     
    Posted: Jun 6, 2021 By: Chris Ashdown Member since: Dec 7, 2003
    #78
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  19. FaaF

    FaaF UKBF Newcomer

    28 0
    I've been hearing it could be the latter part of next year before rates reduce by any meaningful amount and, even then, will never go back to rates seen before covid (which were too low to be normal anyway).
     
    Posted: Jun 6, 2021 By: FaaF Member since: Jan 17, 2021
    #79
  20. Red Wood

    Red Wood Contributor

    680 76
    Blow over was a play on words. I think before long governments will try to force price compression, namely China. They need volume the deep water ports in China provide.

    I agree though, I don't think we will see old prices for a long time to come, if at all.
     
    Posted: Jun 6, 2021 By: Red Wood Member since: Jan 14, 2014
    #80