Comments on: Sea Freight Rates Have Soared 300%. Here’s Why.

By: Dave Bryant

Dave Bryant — Thu, 07 Oct 2021 16:15:12 +0000

In reply to Ian Pugh. Some intervention definitely could help! Although governments hate to interfere with market pricing.

By: Ian Pugh

Ian Pugh — Wed, 29 Sep 2021 16:23:34 +0000

Have been bringing boxes from Japan since 1994, normal rate for a 40ft HQ is $2650. 2 months ago was charged $8,800, this week have been charged $19,800.
That’s taken a big chunk of the profit from that cargo, and denied the UK government of the tax that they would have got from that profit as well.
We need governments to just tell the lines that they won’t allow the ships to re-fuel unless normal rates are charged. That’ll stop this robbery dead in its tracks.

By: Dave Bryant

Dave Bryant — Thu, 12 Aug 2021 01:15:06 +0000

In reply to TD. Yep - it's terrible :(

By: TD

TD — Thu, 29 Jul 2021 05:20:26 +0000

I’m an importer for more than 20 years now. Early this year I was paying $6,300 for a 40-45’ HQ. Now it’s between $12,000-$19,000. I quote customers first, then 60 days production in China and another 30 days on the water. My profits have almost dried up because of this. If rates don’t lower soon, I’ll be closing the business. I bring in 150 containers a year and still seen as small. Was about to ship product from Indonesia and have a rate of $24,000. Can’t afford it. Sad this is how it is but someone is profiting big time! Pure extortion in my book!!!

By: Dave Bryant

Dave Bryant — Tue, 20 Jul 2021 00:33:55 +0000

In reply to Shane Manning. Unfortunately it's not likely to get better until next year (and could get worse before then) so you'll have to decide if you want to delay it that long.

By: Shane Manning

Shane Manning — Mon, 19 Jul 2021 20:32:21 +0000

Hello,
Since the writing of this article sea freight as increased even further :( Now around 10K for a 40′ container.. I have a FCL load worth of product being manufactured in China. However, I am considering to just warehouse it in China for a couple months since it would be a new product launch so no worry about running out of stock. What do you think? Should I just bite the bullet and pay the massive shipment cost (still will be profitable but big hit to margins) or delay my product launch? They are oversized items so logistical costs matter more.

By: Justeen David

Justeen David — Sun, 27 Jun 2021 23:11:05 +0000

In reply to Giovanni. Thanks for subscribing, Giovanni! Glad you like our blog :)

By: Giovanni

Giovanni — Sun, 27 Jun 2021 07:00:34 +0000

Good morning! I could not find any better analysis and explanation, until now, referring to the crazy soaring shipping freights I am personally experiencing as Export Manager. Keep on!

By: Giovanni

Giovanni — Sun, 27 Jun 2021 06:59:37 +0000

Good morning! I could not find any better analysis and explanation, until now, referring to the crazy soaring shipping freights I am personally experiencing as Export Manager. I will also subscribe to Yr. weekly blog. Thanks.
Giovanni, Milano, Italy

By: Helena Fernandez Morano

Helena Fernandez Morano — Wed, 23 Jun 2021 21:50:21 +0000

In reply to Julie Shennan. Thanks, Julie! Glad to hear you enjoy our blog.