Ocean Freight Rates Rise Across the Board

Recently, many customers asked the reason for the surge in ocean freight rates, the specific reasons are mysterious and complex, according to the current situation there are several possibilities to analyse.

Recently, many customers asked the reason for the surge in ocean freight rates, the specific reasons are mysterious and complex, according to the current situation there are several possibilities to analyse:

1. The U.S. election, it is said to raise tariffs on Chinese products.

2. China's enterprises to increase foreign investment, especially in South American countries, such as BYD in Brazil to build factories. BYD has built a factory in Brazil, taking up a lot of capacity, resulting in a shortage of capacity in South America.

3. COSCO has deployed ships from the original West Africa route to support South America, resulting in a surge in West Africa.

4. The Houthis in Yemen continued to attack, resulting in the lengthening of the European route, transport costs continue to increase, slow return to the container, resulting in the port of departure to face a shortage of crates crisis.

5. The international big customers and the big ship division renewal in the near future, the shipowner in the objective factors based on the tacit agreement to push up, in order to renew the contract in the process of taking the initiative.

So for now, it seems indeed have a plan can consider appropriate account for a few positions, in addition also pay attention to changes in the designated cargo, designated cargo slow release on behalf of the position is really tense, this situation will have to plan ahead!

Then again, you can be close to the ship about 5 days before the departure of pick up the leakage to find the current cabin, there may also be relatively cheap positions!