Container Shipping Rates

[PowerForwarding]

Yes freight rates are falling but unfortunately rate of exchange is rubbish and still dropping it seems.

 

[Maple Sourcing]

It varies. So, suggest you checking with several forwarders.

 

[pentel]

40HC Ningbo to Southampton $7800

 

[MOIC]

Felixstowe further strikes scheduled for 27th Sep - 5th Oct.

Unreal!

 

[Red Wood]

Felixstowe further strikes scheduled for 27th Sep - 5th Oct.

Unreal!

Think this will be an on going theme

 

[OMGVape]

Felixstowe further strikes scheduled for 27th Sep - 5th Oct.

Unreal!

Holy S**t, I have a container due docking on 26th.

 

[Red Wood]

Holy S**t, I have a container due docking on 26th.

If it puts your mind at ease, we had a box arrive in the middle of the first strike. There was little to no delay and our forwarder said the disruption they were seeing was actually minimal. Hopefully same applies to your freight.

 

[OMGVape]

If it puts your mind at ease, we had a box arrive in the middle of the first strike. There was little to no delay and our forwarder said the disruption they were seeing was actually minimal. Hopefully same applies to your freight.

That’s reassuring, fingers crossed ?

 

[FaaF]

How are rates for 20ft containers looking these days? I'm trying to figure out if the rate drops are enough to cancel out some of the poor exchange rates we're seeing.

 

[Red Wood]

How are rates for 20ft containers looking these days? I'm trying to figure out if the rate drops are enough to cancel out some of the poor exchange rates we're seeing.

FOB Deep water China > UK Door approx $5,500 20FTC

 

[FaaF]

FOB Deep water China > UK Door approx $5,500 20FTC

Ah, so not much change from last quarter but with a much weaker pound.

I wonder will the fact that we're now seeing the last ships now depart China for Christmas stockpiling put any further downward pressure on rates?

The only sure thing is that the shipping companies are doing their utmost to keep rates elevated but I believe they're fighting a losing battle.

 

[Red Wood]

They are blank sailing alot at the moment to keep the rates high, but spot rates still softening. The global economy is weak, and everyone is nervous.

 

[Ecommerce&MailOrderGuy]

Recently received containers I'm paying approx $8000 for a 40HQ.
I'm being told rates dropping to around $5500 for our sailings in early October.
Our supplier factories in China have really weak order books.
Hoping for some bargains.
Don't forget when negotiating with China that they are getting record amounts of local currency for every dollar you send them. 7.26 Yuan per dollar versus 6.38 this time last year.
A rise of 14%. We are asking for 15% discount on goods and getting it.

 

[John_V85]

We're now seeing rates for 40' of $3,500 CN-UK, but LCL rates seem to be staying stubbornly high at 2-2.5x on a comparable $/CBM basis. Historically there used to be little difference. Any ideas on why LCL price reductions are really lagging?

 

[Ecommerce&MailOrderGuy]

Ocean Freight costs dropping at an astonishing rate.
For our containers just landed it was still $8000. For the ones leaving China for UL now approx $3700 (40HC). Spot rates today for us are now down to $2606 + surcharges & may drop further ex main ports China.

 

[Red Wood]

I've seen rates starting with a $1XXX. Demand must be screwed If rates are crashing. Makes me wonder if worth bringing in more boxes if economics are so weak ?

 

[japancool]

Perhaps China's exports are crashing due to Covid lockdowns.

 

[MOIC]

You should be targeting the following prices for sailings within the next 7 days:

20ft - USD1225

40ft - USD2250

 

[Ecommerce&MailOrderGuy]

It does make you think what pressures are occurring around the world.
How will Chinese factories cope with this crash of demand?
I guess the Chinese government will step in and support?

 

[MOIC]

I guess the Chinese government will step in and support?

On some factories . . . . . up to a point.

 

[Ecommerce&MailOrderGuy]

Feels like the repercussions of this recession aren't being fully processed/reported yet.
Good article in the FT today.
If you are not a subscriber you can copy and paste this heading into a search window using incognito mode to defeat the paywall.

‘There was no hope’: Chinese factories struggle to survive

Take away the geopolitical bluff and bluster there are hard working people going to face a very bleak winter.

 

[Red Wood]

If you are not a subscriber you can copy and paste this heading into a search window using incognito mode to defeat the paywall.

Great tip, thnx ?

 

[Chris wants more]

Just for info, latest Freight rate received today, Felixstowe to Hong Kong GBP 475

 

[japancool]

Just for info, latest Freight rate received today, Felixstowe to Hong Kong GBP 475

Per container?

 

[Chris wants more]

Yes, plus docs of GBP 25... Cheaper Freight rate than the UK haulage!

 

[MOIC]

A container going back is always cheaper.

More often than not, it goes back empty.

 

[OMGVape]

Just for info, latest Freight rate received today, Felixstowe to Hong Kong GBP 475

Really? I’ve just paid that for my new winter coat.

 

[Chris wants more]

Really? I’ve just paid that for my new winter coat.

Yup, got this rate last week, if you need any rates please let me know

 

[Chris wants more]

A container going back is always cheaper.

More often than not, it goes back empty.

Agree but hell of a lot cheaper than last month !

 

[OMGVape]

I've just been quoted USD1400, 20ft container China main port to Felixstowe for a December sailing.

 

[burning]

hi
we are freight forwarder from China ,mainly handle FCL ex China to U.K with competitive rates ,we are good at FOB ,FCA ,EXW shipments ,especially for several suppleirs consolidation serivce

hope there is a chance to cooperate with you
my mail:[email protected]