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Sea freight prices from China
We would like to take this opportunity to inform you have a key development in the sea freight industry. The sea freight prices from China have increased significantly in recent months. Over the past few months, importing businesses have been working on replenishing their stocks, whereas European consumers have been more eager to spend and buy than anticipated.
In addition, there is a great deal of unrest around the world, paired with disruptions in global supply chains. Due to the threat of Houthi attacks, many shipping companies are choosing to divert their ships via the Cape of Good Hope instead of having routing them through the Red Sea and the Suez Canal. This diversion takes up a lot of extra time, resulting in transport capacity becoming scarcer and products arriving in Europe later. Sea freight prices from China are expected to rise even further in the coming month.
Our people at the sea freight department of Braanker Worldwide are fully committed to find and secure the best sea freight rates and associated capacity on the ships. That’s our challenge and one we gladly take on for you, our customers.
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