Category Archives: Import rates from Far East

Air and Ocean Freight Prices reach Record Differentials

The gap between Air and Ocean freight rates widens more and more. The price differentials have now reached a record height. With sea freight rates being low for several weeks already and air freight rates raising more and more towards end-of-year peak season, it has now reached double the norm. Air freight rates have been quite stable, with peak-season and capacity restrictions. On the contrary,
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Airfreight Backlogs at China Gateways

The current backlogs at China’s main airfreight hubs Beijing, Shanghai, Hong Kong and Guangzhou will continue at least into next week. For now, there are delays of 3-4 days at most airports. The situation at Guangzhou is worse; here, delays of 7-8 days are to expect, apart from “first class carriers”, which are also delayed by 3-4 days. As the forwarders expect the delays to
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Iran to Hold Potential for Freight Firms

With its Nuclear Agreement, Iran is about to open up for international economy. This is good news not only for the Iranians, but also for freight firms. The country offers great opportunities for businesses, especially in oil and gas, high-tech and automotive. Logistics benefits from Irans good transport infrastructure and the need to improve their airspace field. But this is not the only area
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Sea freight rates take an unexpected tumble for October!

Asia-Europe market rates have taken an unexpected tumble for October, so it would be a good time to get your bookings in before they start rising again for November sailings. Some carriers are forecasting increases up to $900 per teu next month. Usually this time of year there is an increase in freight rates as China shuts down for their national holidays, however this
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China hits importers/exporters with VAT on Freight Rates

As from 1st August 2013 China have announced a tax scheme which imposes 6% VAT onto the freight industry, this VAT will affect both air freight and sea freight rates for freight which is paid at origin China. Ocean rates agreed in the UK will remain unaffected, as these rates are negotiated and paid in the UK. What does this mean to you the importer/exporter?
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Rise in Asia-Europe box volumes expected Mid September

Shipping lines are expecting a surge in volumes on the Asia-Europe trade in the coming weeks, which will support attempts to increase prices on the trade in mid-September. The reason behind these expectations is the rush as Far East suppliers export goods from China ahead of the National Day holiday, which runs from October 1 to October 7 2013. China import export will also
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General Rate Increase (GRI) July 2013

FCL Sea freight rates for the Asia to Europe market have been the lowest they have been for quite some time, with rates dropping since May. Unfortunately, this is all set to change as all the major shipping lines have announced that they will be implementing heavy GRI (general rate increases) from 1st July 2013. We will be keeping a close eye on these
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Asia-Europe rate reductions!

Make the most of your Asia imports this month and enjoy the short term benefit which comes when the shipping lines enter a “rate war” meaning hefty price cutting in sea freight rates! We currently have fantastic offers on 20’/40’/40’HQ containers from all the major ports including, Shanghai, Ningbo, Xingang, Qingdao, Dalian & Ho Chi Minh City CLICK HERE to contact us today for
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Triple E – Worlds Largest Container Ship

A new generation of vessel so large – almost a quarter-mile long, wider than a motorway and taller than a 20-storey office block, will be coming into service this summer. The vessel named as The new Triple E will be able to carry 18,000 20ft containers, three times as many as the biggest container ships 15 years ago The Triple E – which stands for
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Shipping Lines March 2013 Increase

The major carriers have announced Asia-Europe March GRIs (general rate increases) ranging between $600 and $775 per teu (per 20’container) to be implemented on 15 March. Why the increases? These increases tend to happen when the shipping lines remove a number of vessels from service. By removing vessels from service the carriers maximize space and revenue, thus using less fuel by running fewer vessels,
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