As the shipping industry continues to grapple with disruptions, one thing is clear: the cost of shipping is on the rise. But what does this mean for shippers looking to transport goods from China to Europe and Australia?
At VERUS GLOBAL LIMITED, we've seen firsthand the impact of these disruptions on our clients. With rates increasing from week to week, it's becoming increasingly challenging for shippers to secure competitive pricing for their container shipments.
What's driving the rate increases?
One major factor contributing to the rate hikes is the ongoing congestion at major ports in Asia. With vessels waiting to depart for weeks, carriers are able to command higher rates for their services. Additionally, the ongoing trade tensions between the US and China have led to increased demand for shipping services, further driving up rates.
So, what can shippers do to mitigate the impact of these rate increases? At VERUS GLOBAL LIMITED, we recommend working closely with your freight forwarder to secure the best possible rates for your container shipments. By being proactive and flexible, you can minimize the impact of these rate hikes and ensure your goods arrive on time and within budget.
Source: theloadstar.com
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