Container Shipping Rates

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

  1. samuel5

    samuel5 Contributor

    308 19
    $7500 for freight from Ningbo to Felixstowe being quoted $7500 just for a 20'!!!
     
    Posted: Jun 14, 2021 By: samuel5 Member since: Apr 25, 2010
    #81
  2. OMGVape

    OMGVape Contributor

    577 75
    I still think China will force price reduction. I know of one factory I deal with has several orders on hold because buyers can’t commit to the higher shipping cost.
     
    Posted: Jun 15, 2021 By: OMGVape Member since: Jan 21, 2018
    #82
  3. Red Wood

    Red Wood Contributor

    680 76
    Rumour is CCP will prevent ocean carriers docking if rates don't fall. How this will work in practice and it's unintended consequences, I have no idea.
     
    Posted: Jun 15, 2021 By: Red Wood Member since: Jan 14, 2014
    #83
  4. OMGVape

    OMGVape Contributor

    577 75
    Just got this from our shipping agent.

    " As a benchmark you’d be looking around usd 8500.00 / 20’ and usd 15000.00 / 40’/40hc for China main port but even that is expected to rise "
     
    Posted: Jun 17, 2021 By: OMGVape Member since: Jan 21, 2018
    #84
  5. WaveJumper

    WaveJumper Contributor

    2,044 517
    Posted: Jun 20, 2021 By: WaveJumper Member since: Aug 26, 2013
    #85
  6. Red Wood

    Red Wood Contributor

    680 76
    It's almost apocalyptic. You'd think the incorrectly positioned container situation would be well on its way to being resolved by now at the least.
     
    Posted: Jun 22, 2021 By: Red Wood Member since: Jan 14, 2014
    #86
  7. Mister B

    Mister B Contributor

    2,478 584
    We continued to be caned on the rates that we're paying, (as is everybody else,) but can anybody foresee it getting easier anytime this year?

    We have bulk shipments that are scheduled to go on the water in August/September, and we are in a position whereby we could delay them. Some that we have spoken to have suggested that prices will continue to rise, in which case we may as well ship as soon as we can, but conversely, others have said that they may start to fall come the late autumn in which case we wil push shipments back.

    So, if anybody has access to a crystal ball then an insight would be appreciated.

    The only silver lining is that this is going to affect all importers which means that the pain will be shared.
     
    Posted: Jun 23, 2021 By: Mister B Member since: Aug 31, 2007
    #87
  8. GraemeL

    GraemeL Pain in the neck? Verified Business ✔️
    Contributor

    5,221 1,155
    Thats the point. Almost everyone will have to put up prices so the field remains level. Hopefully it will encorage UK manufacturing.
     
    Posted: Jun 23, 2021 By: GraemeL Member since: Sep 7, 2011
    #88
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  9. WaveJumper

    WaveJumper Contributor

    2,044 517
    And the government is wondering why inflation is creeping up but don't seem to be mentioning this (shipping costs) as an issue
     
    Posted: Jun 23, 2021 By: WaveJumper Member since: Aug 26, 2013
    #89
  10. Chris Ashdown

    Chris Ashdown Contributor

    12,350 2,590
    Time to look around other country's and see what they have to offer. it's easy to just look at China for low costs, but they have been increasing year on year. who is the alternative country with supplier's of what you buy, you could possibly be the first in a new market, India, Africa or Europe may come up trumps
     
    Posted: Jun 23, 2021 By: Chris Ashdown Member since: Dec 7, 2003
    #90
  11. AlanJ1

    AlanJ1 Contributor

    210 34
    Shipping prices are crazy throughout the world, not just China sadly. The "big 11" own such a high proportion of the market worldwide it is just knocking on everywhere.
     
    Posted: Jun 24, 2021 By: AlanJ1 Member since: Jul 25, 2018
    #91
  12. Red Wood

    Red Wood Contributor

    680 76
    Most definitely this - Freight is up globally. We did a pricing exercise recently and even with closer-to-home production, China still came out trumps for our particular range of products.
     
    Posted: Jun 24, 2021 By: Red Wood Member since: Jan 14, 2014
    #92
  13. Washington

    Washington UKBF Newcomer

    26 2
    Nice thought and whilst I welcome any UK production, my guess is freight will remain high until CNY and then level out at whatever the new higher freight rate will be, I doubt it will return to pre Covid rates ever. If at that time buyers have good suppliers in Asia, they will go back to them, if they don't their competitors will.

    There is no time to set up a UK manufacturing in this time, the costs of the freight will just have to be passed on to the end consumer
     
    Posted: Jun 25, 2021 By: Washington Member since: Aug 29, 2008
    #93
  14. Chris Ashdown

    Chris Ashdown Contributor

    12,350 2,590
    In the past many a good company has gone bust because they waited for things to return to "Normal" which never happened. Those who adapted to the new situation, by cutting overheads or finding new suppliers survived
    Waiting is a very risky business decision
     
    Posted: Jun 26, 2021 By: Chris Ashdown Member since: Dec 7, 2003
    #94
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  15. Washington

    Washington UKBF Newcomer

    26 2
    What are the latest rates being quoted
    I am hearing $17-$20k IF you can actually get containers
     
    Posted: Jul 12, 2021 By: Washington Member since: Aug 29, 2008
    #95
  16. MurphyM22

    MurphyM22 UKBF Newcomer

    5 0
    we just paid $18,600 for a 40HC. Its insane. Some of the larger importers will have better contract rates but smaller importers paying top $$ on spot rates.
     
    Posted: Jul 12, 2021 By: MurphyM22 Member since: Jan 23, 2021
    #96
  17. Import Expert

    Import Expert Contributor

    365 141
    Unfortunately I can't see the prices coming down again more significantly until around Q2/Q3 2022. We wait and see...
     
    Posted: Jul 12, 2021 By: Import Expert Member since: Feb 1, 2012
    #97
  18. OMGVape

    OMGVape Contributor

    577 75
    I'm just about to pay $9,500 for a 20ft (up $1000 on last month).
     
    Posted: Jul 16, 2021 By: OMGVape Member since: Jan 21, 2018
    #98
  19. MY OFFICE IN CHINA

    MY OFFICE IN CHINA Full Member
    Contributor

    5,767 1,364
    Yep, it's rising on a weekly basis and will probably get worse.
     
    Posted: Jul 16, 2021 By: MY OFFICE IN CHINA Member since: Nov 16, 2011
    #99
  20. Red Wood

    Red Wood Contributor

    680 76
    Current LCL per cube surcharge is almost $400 with DHL Global.
     
    Posted: Jul 17, 2021 By: Red Wood Member since: Jan 14, 2014