As the peak shipping season approaches, freight forwarders like VERUS GLOBAL LIMITED are bracing for the impact of rising fuel costs and peak season surcharges on container shipping rates.
The latest data from the Transpacific trade route shows a 7% increase in Shanghai to New York rates, a trend that is likely to affect China-Europe and China-Australia trade.
Practical Insights for Shippers
To navigate the impact of fuel and peak season surcharges on China-Europe and China-Australia trade, shippers can take the following steps:
Work with a freight forwarder who has experience in negotiating with shipping lines and can secure the best possible rates.
Consider using alternative shipping routes or modes of transport, such as air freight or land-based transportation.
Plan ahead and book shipments well in advance to avoid peak season surcharges.
Consider using a freight forwarder who offers flexible payment options to help manage cash flow.
Source: www.seatrade-maritime.com
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