Sea container shipping explosion: tremendous higher cost with more delay
The rise in the cost of freight from China to unprecedented levels, an increase in the time of transportation.
Amid the Covid-19 epidemic, supplies from China have risen in price by two, three or more times. Bets change every day❗
Why is this happening:
▪️ Imbalance in world trade. That is, the containers with the goods left in one direction and did not return. Therefore, there are no empty containers.
▪️Predicting a period of decline in business activity in the world, shipping lines have removed a number of container ships from their routes.
▪️According to the Chinese Federation of Mechanical Engineering, in August 2020, container production in the country increased for the first time since 2018.
Therefore, the inability to produce containers in sufficient quantities is not the reason for the shortage.
Trade imbalance remains the reason. The containers do not return to China on time and are sorely lacking. All major carriers in the main ports of the PRC faced this problem.
Although we are under a very tough circumstance, DK machinery will try our best to protect our old and new customers' best interest, making sure the least influence and ensure on time shipping and delivery with professional production and logistics management.