Separate names with a comma.
Discussion in 'International Business' started by OMGVape, Feb 1, 2021.
$7500 for freight from Ningbo to Felixstowe being quoted $7500 just for a 20'!!!
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.
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.
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 "
In the news today:
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.
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.
Thats the point. Almost everyone will have to put up prices so the field remains level. Hopefully it will encorage UK manufacturing.
And the government is wondering why inflation is creeping up but don't seem to be mentioning this (shipping costs) as an issue
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
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.
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.
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
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
What are the latest rates being quoted
I am hearing $17-$20k IF you can actually get containers
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.
Unfortunately I can't see the prices coming down again more significantly until around Q2/Q3 2022. We wait and see...
I'm just about to pay $9,500 for a 20ft (up $1000 on last month).
Yep, it's rising on a weekly basis and will probably get worse.
Current LCL per cube surcharge is almost $400 with DHL Global.