China Imports could see significant price increases

Nov 18, 2020News

2020 has created disruption and unexpected effects in all business sectors. Sea shipping services are no exception to it. The beginning of the year has brought a significant decline in maritime traffic, resulting in large scale unused capacities on all global trades. Towards June, activity has picked up and we’ve seen a good steady trend during summer and autumn. Latest news from the market alerts us on new disruptions coming from China. Prices are rapidly soaring, while shipping lines are constantly introducing additional surcharges (e.g. Peak Season Surcharge – USD 300/20 ‘and USD 600/40’ containers). An additional 5-10% increase is expected to be introduced from 1 December and maintained until after the Chinese New Year (end of February 2021).

Carriers’ market behavior will continue to be volatile as volume of shipping goods out of China has reached the pre-CoVID19 levels – news from early September confirmed China among few countries which switched to growth. In such a context, the best strategy to deal with the situation and ensure the desired conditions of carriage is to choose a reliable partner and place your bookings timely.

The expert Ocean team of Gopet Trans is monitoring carefully all these markets’ changes and is ready to provide an option for your shipments at competitive rates.

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