Read yesterday they are going up yet again I think the shipping companies like a good excuse and Russia has just given them another
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Container Shipping Rates
- Thread starter OMGVape
- Start date
Don't forget if Russia easily takes over Ukraine, The China will see it as a open opportunity to hit Taiwan and then rest of world may stop China traffic
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The restrictions at Shanghai Port, which is due to Shanghai being on a 2-Stage Lockdown for it's 25 million citizens, has prompted Maersk Shipping to suggest that this will cause further increases to shipping rates.
Just when we thought that rates would keep coming down . . . . . .
Just when we thought that rates would keep coming down . . . . . .
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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?
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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.
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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.
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Until this new lockdown?
We are having to work very hard to get stock out right now and it's getting worse day by day!
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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.
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I don't think it's this. We are full on orders to our factories and having to try push to get things made quicker.
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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!
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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.
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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.
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Rohlig offering $10,500 through May for 40ft GP/HC
Slightly better deals to be had if you look hard enough
Slightly better deals to be had if you look hard enough
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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????
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I can't see them ever returning to pre-Covid rates, which were cheap if we are honest.
I think it will settle around $5000 - $6000, when current world factors contributing to increased costs subside. This may take another year or two . . . . .
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Paying around $11k for a 40HC from Shanghai-Felixstowe now. Seeing quotes for around $10k for future orders.
Lots of businesses now over-stocked with goods due to consumer slowdown.
Supply/demand factor should see rates soften further....but how fast?
Lots of businesses now over-stocked with goods due to consumer slowdown.
Supply/demand factor should see rates soften further....but how fast?
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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.
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It's difficult to judge as all the following factors need to be considered:
- Freight costs
- Production costs
- Currency fluctuation
- Component costs
- Landed product cost per unit
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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?
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Yes retail and industrial data was not as high as expected but they did surprise the markets by a small drop in interest rates.
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Rates are still dropping and whilst lines are blanking sailings, and trying all they can to prevent the rates dropping, we are now seeing rates around USD 7500 for September onwards, and expect that to continue
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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)
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