Container Shipping Rates
- Thread starter OMGVape
- Start date
Container ship with a capacity of 6570TEU named "CMA CGM RABELAIS" exploded in the Malacca Strait between the Andaman Islands and Banda Aceh on the Sumatra island, followed by a fire. The ship is currently adrift.
Anyone have containers on board?
Anyone have containers on board?
Upvote
0
I can imagine there will be a much higher level of checks on products being shipped in containers from this point onwards.
There was always a possibility of products exploding in a container, whether they include batteries or powerbanks, and now that it's happened, with what these photos show, it would be reckless not to take action.
Unless it was a container of fireworks that was the cause.
There was always a possibility of products exploding in a container, whether they include batteries or powerbanks, and now that it's happened, with what these photos show, it would be reckless not to take action.
Unless it was a container of fireworks that was the cause.
Upvote
0
There's currently a downward trend in shipping costs by sea from China.
Ocean fright costs are lower for departures in May. Typical rates now to either Felixstowe or Southampton, are under US$6,000 for a 20ft Container & under US$10,000 for a 40ft container.
Shopping around will get better rates.
Ocean fright costs are lower for departures in May. Typical rates now to either Felixstowe or Southampton, are under US$6,000 for a 20ft Container & under US$10,000 for a 40ft container.
Shopping around will get better rates.
Upvote
0
Yeah, I've heard that rates are coming down significantly but am not ordering new stock just yet.
It just appears to me that rates are so low because there is so little output from the factories and great difficulty in getting what little there is to docks.
I worry that there is significant building of pent up demand and rates are going to skyrocket again before any orders for new stock placed now are available for shipping.
It just appears to me that rates are so low because there is so little output from the factories and great difficulty in getting what little there is to docks.
I worry that there is significant building of pent up demand and rates are going to skyrocket again before any orders for new stock placed now are available for shipping.
Upvote
0
We have bookings for the next couple of weeks no problems, we are just being unofficially told things aren't going well. Yiwu for example going into lockdown.
We have about 4 forwarders we get a quote for pricing if need be if we are unhappy with any quote / issue we have on time-scale!
Upvote
0
Yeah, the factories have plenty of orders. It's the reduced output from the factories due to lockdowns and COVID numbers; and reduced availability of road haulage to ports, for similar reasons, that is resulting in reduced shipping rates.
When lockdowns are lifted, road hauliers and factory workers are back at full capacity and the pent up demand starts making its way from factory order books to ports that I suspect rates will skyrocket.
There's little point in reduced shipping rates when we can't get products to ports to actually ship.
Upvote
0
I guess that makes sense.
We aren't seeing huge delays in our normal lead times though. Just we can usually ask for it to be made a little quicker if required.
Amazon has forward bought a tonne of space on boats (like a huge huge amount) so I expect that to be a problem soon.
Upvote
0
Seems to be settling at around $11k (Shanghai-Felixstowe, 1*40HC).
The thing is the £ is down about 8% against the dollar wiping out any 'savings' on shipping.
For us anyway.
Demand for certain consumer goods has definitely slipped in the UK.
There are reports of many countries now being 'over-stocked'.
Amazon is actually closing warehouses in the US (opened to cope with lockdown sales boom).
What will happen to ocean freight rates next????
The thing is the £ is down about 8% against the dollar wiping out any 'savings' on shipping.
For us anyway.
Demand for certain consumer goods has definitely slipped in the UK.
There are reports of many countries now being 'over-stocked'.
Amazon is actually closing warehouses in the US (opened to cope with lockdown sales boom).
What will happen to ocean freight rates next????
Upvote
0
Seeing regular quotes at $9000 for 40HC, China-Felixstowe.
20FCL $5300.
With many importers overstocked (worldwide) and a recession looming (worldwide) I'd imagine many manufacturers in China worried about reducing workloads?
Surely with lower production shipping rates will drop further too?
Guess the lower oil price will also help?
With sterling now so low against the dollar I'm thinking our 2023 buy prices will be practically same as '22.
ie, we win on the freight but lose on the currency and they pretty much cancel each other out.
20FCL $5300.
With many importers overstocked (worldwide) and a recession looming (worldwide) I'd imagine many manufacturers in China worried about reducing workloads?
Surely with lower production shipping rates will drop further too?
Guess the lower oil price will also help?
With sterling now so low against the dollar I'm thinking our 2023 buy prices will be practically same as '22.
ie, we win on the freight but lose on the currency and they pretty much cancel each other out.
Upvote
0
Rates seem to be sticking around $9000 for 40HQ and $4400 for 20FCL (China-UK).
Economic data out of China today shows evidence of a slow-down.
Wonder how long until freight rates drop further?
Guess the shipping companies would rather keep them nice and high during the fourth quarter peak?
Economic data out of China today shows evidence of a slow-down.
Wonder how long until freight rates drop further?
Guess the shipping companies would rather keep them nice and high during the fourth quarter peak?
Upvote
0
What a crazy few years.
Pleased container rates are dropping but just got our lowest ever spot rate on the dollar - 1.1785.
My rough estimate is still that we'll save on the shipping in '23 (but UK transport side still silly) but the decline in sterling means delivered prices will be the same as '22.
(obviously depends on the ticket value and bulk of goods you're involved in)
Pleased container rates are dropping but just got our lowest ever spot rate on the dollar - 1.1785.
My rough estimate is still that we'll save on the shipping in '23 (but UK transport side still silly) but the decline in sterling means delivered prices will be the same as '22.
(obviously depends on the ticket value and bulk of goods you're involved in)
Upvote
0
Latest Articles
-
Should you crowdfund? A framework for UK founders in 2026Three articles into a series on what crowdfunding actually costs, the...- Ozzy
- Updated:
-
The polls, the reframing, and the billion dollarsHow three letters from the early years of Star Citizen's development...
- Ozzy
- Updated:
-
The values trap: what the Punks actually ownedWhy BrewDog's Equity for Punks investors were structurally locked out...
- Ozzy
- Updated:
-
When belief is the business modelWhat BrewDog's collapse and Star Citizen's billion-dollar climb are...
- Ozzy
- Updated:
-
AI, Virtual Influencers and the Copyright Minefield: What Entrepreneurs Need to KnowI'll be upfront: this article was written with the assistance of an AI...
- Ozzy
- Updated: