Language
Home » News » news » What is the reason for the continuous increase in sea freight?

What is the reason for the continuous increase in sea freight?

Views: 1000     Author: Site Editor     Publish Time: 2021-07-14      Origin: Site

Inquire

facebook sharing button
twitter sharing button
line sharing button
wechat sharing button
linkedin sharing button
pinterest sharing button
whatsapp sharing button
sharethis sharing button

According to a Bloomberg report, although the soaring freight rates have brought huge profits to container shipping companies such as Maersk Group and COSCO Shipping Holdings, importers are also facing higher costs that are more difficult to digest. Some companies have raised retail prices, intensifying central banks’ concerns about inflationary pressures, and supply bottlenecks caused by the epidemic are also hindering economic activity.

 

Bloomberg reported that before the outbreak, most shipping analysts could not imagine that each container from Asia to the United States would be charged $10,000 per container. According to Drewry's data, between 2011 and March 2020, the average freight from Shanghai to Los Angeles was less than $1,800 per container.

 

Demand from American consumers and companies is one of the reasons for the surge in freight rates, but the shortage of containers is another reason for tight market supply. Container capacity on the eastbound trans-Pacific route is particularly scarce, and the recent outbreak at Yantian Port in Shenzhen, China has hindered imports and exports. At the same time, the scene of a large number of ships waiting to enter Los Angeles and the Port of Long Beach, the largest ocean-going trade gateway in the United States, shows no signs of dissipating.

 

Shipping experts said that in the context of Western retailers and manufacturers eager to replenish inventory depleted during the epidemic, multiple links in the supply chain were interrupted, causing delays in ports and inland distribution networks and triggering increases in shipping prices.


Related Products

content is empty!

Get In Touch
  JINCHENG ROAD #438, XIAOSHAN DISTRICT, HANGZHOU, CHINA
   +86-18768156063
  +86-571-82309101

Product Links

Quick Links

Contact Us
Copyright 2023 © Copyright © 2022 Hangzhou Chungyo Chemicals Co., Ltd.