Why are ocean freight rates rising?
The “labor shortage” of ports, the rising cost of ship management for various supplies, insufficient port yards and other reasons have affected the transportation efficiency of the entire shipping market, and these contradictions between supply and demand have led to the rise of global ocean freight. Due to the high demand, some shipping companies have seen a significant increase in container orders. However, with the impact of rising international freight rates, chartering prices and container construction costs have also risen.
International fuel prices are rising, and ocean freight costs are inevitable. It is normal for ocean freight to fluctuate, just like oil, and the price will be adjusted, but if it rises sharply, there must be special factors.
The low and peak shipping seasons are divided into low and peak seasons for both domestic and international ports. As the demand for supply changes, prices will naturally fluctuate, and ocean freight rates will rise. Generally speaking, the latest shipping will be updated every week. The cost is usually set by the shipping logistics company.
Port shipments are small. In order not to make transportation losses, shipping companies reduce freight costs, grab more boxes, and ensure costs. On the contrary, now that the export volume is large, the shipping company is not afraid that the ship is not full of goods, so it will increase.
Black Friday and Christmas are coming soon, and large quantities of exports have caused the supply of ships to exceed supply, and prices will naturally rise.
