Shipping rates have fallen around the world as freight from China reduces at a time of year when we are more used to seeing full ships and having difficulties in booking space leading up to the Winter markets. A combination of slightly lower exports out of China (and 'slight' in this huge economy can mean many container spaces) together with reduced European trade with Russia result in a sharp fall in traffic volume and lower revenue to various Shipping Lines and Port Authorities. The Shanghai Containerized Freight Index (SCFI) for routes to north European ports recently crashed by 23pc in five trading days.
All of which can spell opportunities for buyers who should benefit from lower rates and easier bookings. Perhaps even less likelihood of freight being 'bumped' and delayed - or is that too much wishful thinking?
- New Website for GPS26/08/2015Welcome to our brand new website! We hope you will find it easier to...READ MOREFreight Rates Fall19/08/2015Shipping rates have fallen around the world as freight from China reduces...READ MORE
- RMB Slips17/08/2015The recent devaluations of the Yuan in China are good news for European buyers, but only if...READ MORECondolences to the People of Tianjin, China13/08/2015All at GPS wish to express our deep condolences to everyone who has been affected by the devastating explosions...READ MORE