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Who will pay? Soaring 229%, Sea freight in china to the US costs nearly $10,000!

Views: 1     Author: Site Editor     Publish Time: 2022-10-24      Origin: Site

Sea freight is an indispensable mode of transportation in global trade. Compared with other modes of transportation, the outstanding advantages of ocean shipping lie in its large volume, low freight and well-connected waterways. Currently, there are more than 40 million containers in operation worldwide. However, since September last year, there has been a phenomenon of "out of stock and fewer containers" around the world, and container freight rates have also "increased". Who would have thought that the top asking price for a container from China to the US today is close to $10,000.


According to media reports, the Drewry World Container Index released on Thursday (July 8) showed that the spot price of a 40-foot container from Shanghai to Los Angeles has risen to US$9,631, up 229% from the same period last year. .It was also up 5% from the previous week. The price index on the eight major trade routes surged 333% year-on-year to $8,796.


Keep in mind that from 2011 to March 2020, the average shipping cost per container from Shanghai to Los Angeles was less than $1,800.


In fact, not only the price of China-US routes, but also the price of China-Europe routes. For example, from Shanghai to Rotterdam, the Netherlands, as early as late May last year, the shipping cost per container exceeded US$10,000. The latest figures show that shipping has risen to $12,795, a nearly six-fold increase from the same period last year. The analysis pointed out that the global container freight will rise in the future.


Obviously, soaring container freight rates will bring huge profits to shipping companies, so who will pay for the soaring freight rates? In most cases, importers have to pay for this. Taking the United States as an example, in May this year, the country's import price index rose by 11.3% year-on-year, the fastest growth rate in 10 years (2011).


In fact, the phenomenon of "out of stock and insufficient stock" in the world is not because of insufficient containers, but because of the serious accumulation of containers in major developed countries and the failure to clear and transport them in time. In early June this year, CCTV Finance reported that at least 7 of the 10 busiest ports in the United States are regularly facing congestion problems; the cumulative number of containers in Australian ports has exceeded 50,000; containers in a British port have spread to surrounding areas. suburbs......


Shenzhen Cnto Global Logistics Co., Ltd was founded in 2015, a young fast growing Classs A forwarder agent in global market, approved by The Ministry of Commerce.