Why Sea Freight Rates Increasing in 2024?
Вставка
- Опубліковано 15 чер 2024
- No.1 International Trade & Logistics E-Learning
"TRADE CAMP" - trade-camp.com/
contents
00:00
00:21 Freight Trends of 2023
01:47 Impact of Houthi Merchant Ship Attacks
02:51 Port Congestion
03:30 Economic Aspects
04:17 Sluggish Chinese Economy
05:12 How Long will This Surge in Ocean Freight Last?
05:55 Summary
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【Profile】
Shinya Iino
15 years experience in business development in Asia and South East Asia. Marketing and Sales specialist in especially Logistics field.
Over 5,000 TEU Monthly volume for export and import in our Group company in Thailand.
・Established Forwarding Company in Thailand.
・Achieved THB 7.5 million ordinary income in the first year.
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・Succeed in expanding our business to the total logistics provider.
Keep up the good work Iino
Fantastic insights and awesome animation! Backed by solid facts. Keep up the amazing work!
As always... informative...
Fairly well explanation of this topic,thank you
Wow well explained, thanks inno
The effect of the Red Sea crisis and its impact on empty boxes turnaround combined with an earlier peak season is well explained. However, what about the rush for Chinese EV export by FCL instead of Ro Ro to have them reached destination countries before new taxes/duties implementation? Based on my data, ten of thousands vehicles were exported containerized in April/May, and had a huge impact on boxes stock + space availability + congestion in hub ports such as Singapore.
So why Chinese EV export by FCL instead of Ro Ro, Can you please explain.
Your info is spot on keep up the good work. The temu vs Amazon war this year on air freight rates should be interesting for Christmas. special note to the BYD ev market China is in excess of 15 million to dump on the market. Seems to me they are going to use Mexico to fly under the tariffs radar. Depending on the next election.
We as FF have a lot to gamble now laying out like $ 7000 to LA port. I need to put on at least 10 % to this figure and have to wait 30-60 days to get paid. Moreover if I can get you the covered FAK space you need vs other you should be thanking me
How do you make such beautiful animated videos ?
❤
CSBD
Not accurate information so not correct analysis. The demands in the USA and Europe are still low because of inflation. In fact, American consumer spending in 2024 is lower than in 2023. Look at the airlines tickets prices. They are all time low ,this summer ,in decades. This explains why the Feds did not cut down the interest rate so far. Furthermore, the problem in the Red Sea is not as serious as the Ocean Carriers & forwarders love to complain. The new tariff on Chinese EV which will take affect on August 1st is a reason for the increase but not the main one. The main reason is greed by Ocean Carriers & forwarders.
Its part of it, but the main issue is insurance rates going up for Suez etc and fixed long term prices.