Almost all of the Importers and Exporters are suffering from the increasing Ocean freight rates for a number of reasons since the end of March. The rates increases of nearly 400% from China to the US West Coast, over 300% to the US East Coast, and 455% to North Europe, compared to six months ago, the dramatic surge in ocean freight container shipping rates appears to be reaching its peak.
Good news we read from the gCaptain, Xeneta points out they are much smaller than the sharp rises seen on July 1. A Senior Shipping Analyst at Xeneta--Emily Stausbøll says:"Xeneta data shows some ocean container carriers are still pushing spot rate increases in mid-July, but, for the first time in a long time, some carriers are offering lower spot rates".
Through our communication with the freight forwarder, they have also been able to demonstrate that, the rates from China to US remained flat in July, can be expected to decline from August in 2024.
As a trusted supplier in China, we would like to help all of our customers to save cost and maximaze market advantages.
