Separate names with a comma.
Discussion in 'International Business' started by OMGVape, Feb 1, 2021.
Hesitated with my booking last week.
It's now gone up by $700 in 5 days :-(
Going to keep going up, book it before end of the month before 1st Aug prices hit.
Looking at 2o-23k for a 40ft right now. Absolutely criminal.
I work with a factory in China, our customers buy fob and it is a nightmare. We were quoted FAK rates yesterday of $18k for 40ft H/C and that is IF they can get the equipment. We have customers with contracts at $8k but they are not moving anything as the shipping lines are
My advice if you need the stock is to take the price and ship because presently the prices are only going one way and if you hesitate the price will go up
We've lived in such anti inflationary times for so long, it is about to stop. Don't be frightened to tell customers the price is going up if they want their products as the container prices look unlikely to drop until after CNY 2022....or of course they can wait !
Exactly what we have just done, B2B pricing increase.
Looks like the August increase in shipping rates is as significant as most of the prior increases. Will it ever end?
What are you being quoted ? I am seeing $18k
I'm getting $16k'ish quotes (no final quote yet). But this is for Shipper Owned Containers and to Ireland - so $18k sounds about right.
We have a contract at $8K but basically, it is not being honoured, but I think we are no different to most others
Good luck !!
It's ridiculous. I wonder how things would work next year if you locked into a contract at $16k and tried to get out of it to ship at $6k instead.
The shipping companies have no honour, I think we know that now. My guess is they would have you in court....Will contracts have a value in the future, who knows !
Any loyalty a customer will have had previously has gone out of the window
Few things ever go down in price once the seller knows the price you are willing to pay and i guess the same will apply to shipping rates if you prove you are willing to pay todays rate why should they lower it later.
Yes in the long term new competitors may come on the market but still use the base price to pay for the new ships,
This post is about shipping by sea but I bet the airlines freight rate have also gone up substantially
May be the biggest killer of Far East imports and bring manufacturing back to Europe
but not everyone is willing to pay it. Factories all over China are loosing orders and many have stock ready to ship but the buyers just can’t/won’t pay the shipping costs.
It will start hurting China’s economy before long, that’s when the shipping companies will feel pressure to stop being greedy. (Mmm, unless China are in on it ? )
As above just seeing news feeds saying rates now over $20,000 container seems like there's no sign of it stopping either
I've read that until new capacity comes online from the vessel shopping spree the big carriers have been spending their extreme profits on, acceptable rates aren't likely until end of 2022 earliest.
Personally, I can't see a world where a 40ftHC are sub $2000 FOB>Door again.
Finally, some bad news for the shipping of containers from China. A positive Covid case in Ningbo resulting in the third largest container port in the world turning away ships....
Phew! Luckily my current order is out of Xingang.
Can't they keep the disruption to the southern ports! Ningbo has always been reliable... Until now it seems
I have seen reports the issue is congestion rather than increased demand.
Could be good news for Yantian port
Yantian suffered badly with capacity because of Covid and ships avoided it....now if Ningbo is closed they may find some ships with more capacity heading to Yantian (which is normally one of the last ports visited by containerships before heading out of China)
Bad news for some....good news for others !