| Ocean freight 10:10 - Oct 4 with 1064 views | clive_baker |
Blimey, prices are in free fall. Not something we tend to do very often, last time we got a quote was in Jan '22 and it was £18k, so held off on the launch. We've just been quoted £2,900 for the same container / route (China > UK). That's pretty much back to pre-Covid prices. |  |
| |  |
| Ocean freight on 11:52 - Oct 4 with 913 views | Plums |
Have they now found a way of getting boxes back to China or is there over supply due to tightening demand from western economies? |  |
| |
| Ocean freight on 11:58 - Oct 4 with 886 views | usm |
Youd better let Lucan know - he's been pretty animated about freight costs recently |  |
| |
| Ocean freight on 12:57 - Oct 4 with 816 views | ghostofescobar |
Prices will level out around pre Covid for a while and may even drop below pre Covid prices within 24 months. There are lots of new builds ordered by the large lines and they will launch over the next 2 years, so there will be over capacity in the market, likely exacerbated by falling consumer demand if recessions last globally. The big boys (Maersk, MSc etc) also have massive cash surpluses, so will be able to take the rates plunging for a while yet. Now isn’t the time to tie into long term freight contracts with the shipping lines. Boring post over! |  |
| |
| Ocean freight on 14:37 - Oct 4 with 693 views | clive_baker |
| Ocean freight on 11:52 - Oct 4 by Plums |
Have they now found a way of getting boxes back to China or is there over supply due to tightening demand from western economies? |
Certainly a reduction in demand in Western economies, but also an element of overstocks in the market driven by both that, but also lots of people getting excess stock into the country before Brexit (which itself drove up prices). | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
