China's export shipping costs skyrocketed

    The shipping company suffered too much early and needs to make up for the loss. At the beginning of this year, with the accelerated spread of the epidemic, the global shipping market stagnated, container transportation costs plummeted, and freight rates fell to the bottom at the end of April. What's more serious is that in May, global seaborne trade fell by more than 10%, which means that there was more than 1 billion tons of trade "loss" globally, the largest drop in 35 years. Under such circumstances, as demand gradually picks up, no shipping company that has survived is willing to continue to lose money, and shipping costs have naturally soared.

Before autumn, it is usually the peak period of global shipping industry. If you do not consider other reasons and simply look at the time point, the shipping costs will also increase from July to September of the previous year. Moreover, this year due to the impact of the epidemic during the working year, many countries and ports have been blocked, and procurement activities will be concentrated In the second half. With the advent of many major international festivals, such as Christmas and New Year's Day, people's purchasing needs will increase. As a major producer in the world, China is responsible for 50% of the world's production, and China's export volume will definitely increase greatly. In summary, China’s export demand for maritime transport will surge