Container Shipping Rates

[lesliedocherty]

There's a conspiracy going on among the shipping lines to keep ocean freight costs up. They intentionally leave unloaded/empty containers at the destination port creating a shortage of containers in Asia (mainly China) for loading, hence limiting the amount of containers available and keeping costs high.

Their reasoning . . . . .it's too expensive to ship back an empty container.

Additionally, this is creating a situation where there's no more space in the destination ports in UK (mainly Felixstowe) to unload vessels, due to the empty containers being stored. Some shipping lines have diverted UK bound vessels to Rotterdam (and probably elsewhere).

Just to add fuel to the fire, many factories in China have been ordered (or they will be shot) to reduce manufacturing to 3 days a week.

Seen an article on LA problem, and the simple way to solve that problem, was sort the regulations on storing empty containers, these were causing all the problems

 

[AlanJ1]

Had a call today from our shipping agent, our container is now docking one week late (it was due this coming week). Also was informed that the road haulage will be done 10 days after docking, so port storage fees will apply :-(

We were 3 weeks from docking (which was late) to getting a 40ft last week.

 

[OMGVape]

We were 3 weeks from docking (which was late) to getting a 40ft last week.

wow, what were the extra fees for 3 weeks?
My container is coming into Liverpool and they are saying just 5 days from boat to road.

 

[AlanJ1]

wow, what were the extra fees for 3 weeks?
My container is coming into Liverpool and they are saying just 5 days from boat to road.

Couldn't get the containers off the boat quick enough and then couldn't get it trucked up Felix > Glasgow. We weren't very happy. We actually got multiple in at the same time because of it (which causes issues on sorting and space) as well as some contract orders being delayed!

 

[MOIC]

MSC are leading the way to reduce the ocean freight costs.

 

[Red Wood]

MSC are leading the way to reduce the ocean freight costs.

Yup, you can pick up a 40ft from $13.5k now

 

[FrayB]

Do anybody have good recommendations for freight forwarders at the moment? my usual forwarder quoted me $18k for a 20ft, I know times are bad but that seems excessive

 

[Red Wood]

DHL Global Forwarding.

$18K for 20ft is offensively bad.

 

[FrayB]

Thankyou

Yes thought it sounded bad, I wonder if they have got it mixed up with the 40ft price

 

[AlanJ1]

Thankyou

Yes thought it sounded bad, I wonder if they have got it mixed up with the 40ft price

Would be on the top end for a 40ft now! Rates have come down (albeit still expensive).

 

[Red Wood]

It's odd, they literally dropped by 20% at least .. no fan fair, happened quietly?! All of a sudden our quotes dropped

 

[AlanJ1]

It's odd, they literally dropped by 20% at least .. no fan fair, happened quietly?! All of a sudden our quotes dropped

Maybe if we keep quiet they go back to normal?

 

[OMGVape]

Just got the bill for my latest 20ft container.

The ocean fee was $10,500 :-(

 

[FaaF]

How are rates looking for December? Looks like I'll have my next container loading next week.

 

[OMGVape]

How are rates looking for December? Looks like I'll have my next container loading next week.

I have a 20ft ready to ship, my agency have quoted $10,000. I’ve asked the factory in China to get a quote from their end.

 

[MOIC]

Depending on the departure port, this week's rates for a 20ft are ranging from $8,300 - $10,000.

40ft rates are ranging from $14,000 - $16,000.

There are 'no show' fees as well as other caveats related to each shipping line.

 

[Red Wood]

Rates seem to be heating up again?! It's literally the wild west with no two days the same.

 

[MOIC]

Rates seem to be heating up again?! It's literally the wild west with no two days the same.

Yep, supply and demand. Businesses booking space to get containers departed before CNY.

 

[momo3HC]

DHL Global Forwarding.

$18K for 20ft is offensively bad.

That`s insane price.

 

[MOIC]

20ft for January from $11,000

40ft from $15,000

Above rates will likely go up within the next 10 days.

Has anybody been quoted cheaper rates for sailing in January?

 

[samuel5]

Got this quote today for a 20’

CARRIER:MSC – USD 9500
M/V:MSC SVEVA FL151W
SI/VGM CUT OFF:8/JAN 12:00
CY CLS:10/JAN 12:00
ETD YANTIAN:12/JAN
ETA FXT:12/FEB

 

[MOIC]

Got this quote today for a 20’

CARRIER:MSC – USD 9500
M/V:MSC SVEVA FL151W
SI/VGM CUT OFF:8/JAN 12:00
CY CLS:10/JAN 12:00
ETD YANTIAN:12/JAN
ETA FXT:12/FEB

That’s a good quote, accept it pronto as space is very limited

 

[MOIC]

20ft shipping rates for sailings after 21 Jan are down to (from) $7,700

Probably reflects that many China factories would have sent their goods and closing for CNY.

 

[WaveJumper]

A little light at the end of the tunnel

 

[MOIC]

Rates for Feb . . . .

20ft - from $5,250

40ft - from $12,500

 

[MOIC]

Evergreen Shipping have given yearly bonuses this year of 40 x monthly wages.

The norm is 4 x monthly wages.

Must have been a good year for them . . . . . . .and the rest of the Cartel.

 

[Lampre92]

Rates for Feb . . . .

20ft - from $5,250

40ft - from $12,500

Hi, I am currently importing from China using air freight and have zero experience or knowledge of sea. Is the $5,250 + VAT/import duty the total price from China to your door in the UK? Or is the cost of getting the container to your door on top? What would be the average total cost?

 

[MOIC]

The $5,250 is just the ocean freight cost.

You’ll have additional costs on both sides. If you’re incoterms with your supplier is FOB, then you’ll only have additional costs on the UK side.

The UK costs involved will include UK forwarding, delivery, VAT & Import Duty.

 

[Lampre92]

The $5,250 is just the ocean freight cost.

You’ll have additional costs on both sides. If you’re incoterms with your supplier is FOB, then you’ll only have additional costs on the UK side.

I understand it would vary massively based on where the products are coming from / going to but disregarding costs in China and focusing on costs in the UK once the container has landed, what would be the usual extra charges except import duty & VAT?

I understand it's a difficult question to answer but I'm wondering if the total cost could still be $10,000 (without vat & import duty) or if it's more likely to be in the $6500-7000 region?

 

[MOIC]

It will depend on the size of container and delivery location, but generally would be in the region of £800 - £1500.

 

[MOIC]

To add, if you’re not shipping a FULL container, there are cheaper alternatives.

 

[japancool]

The UK costs involved will include UK forwarding, delivery, VAT & Import Duty.

And potentially port storage fees if the shipment is held up for any reasons.

 

[OMGVape]

20ft shipping rates for sailings after 21 Jan are down to (from) $7,700

Probably reflects that many China factories would have sent their goods and closing for CNY.

Just my blooming luck :-(
I’ve just booked a 20ft for $10,500

 

[MOIC]

Just my blooming luck :-(
I’ve just booked a 20ft for $10,500

What's the estimated date of departure?

 

[OMGVape]

Some day this week, before CNY. I messaged factory and they just replied, they are still quoting $10250

 

[OMGVape]

Rates for Feb . . . .

20ft - from $5,250

40ft - from $12,500

Are these rates typical for most shipping companies?

Can you recommend any ?

 

[MOIC]

Are these rates typical for most shipping companies?

Can you recommend any ?

There's a number of factors involved:

1. Departure port

2. Shipping date required

3. Confirmed loading date

4. Transit time

Most shipping lines are only quoting up to 14 days ahead.

All the shipping lines are slowly reducing the ocean freight costs, however MSC seem to be the cheapest, but this may also be due to longer transit times.

 

[OMGVape]

There's a number of factors involved:

1. Departure port

2. Shipping date required

3. Confirmed loading date

4. Transit time

Most shipping lines are only quoting up to 14 days ahead.

All the shipping lines are slowly reducing the ocean freight costs, however MSC seem to be the cheapest, but this may also be due to longer transit times.

Many thanks, hopefully my shipper will get back to me with better rates.

 

[rashed.a]

guys, if anyone needs 40 or 20 OR even LCL from Bangladesh, let me know.
We provide efficient and competitive price.

 

[FaaF]

Are rates back to $1,500 per container yet? ?