Rates Update July 13

Shipping Lines Impliment Large Increases

 

Sea freight rates for full container load (FCL) shipments were almost halved in 6 months from January to June this year and the shipping lines are taking action.  In June they announced increases of between USD$750 and $1000 for 20ft containers and between $1500 and $2000 for 40ft containers effective from the 1st of July.  Early signs however, suggest they don’t seem to have been able to get that much.


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It’s no secret that FCL sea freight rates have been very low for importing from China and elsewhere in Asia to the UK.  Since mid-to-late 2012 sea freight rates have been sliding and it’s widely accepted that the shipping lines have been losing money.  From the 1st of July, the rates were increased between $500 and $750 for a 20ft container and between $1000 and $1500 for 40ft containers.

Even with these increases the rates are still lower than those recorded at the same point in July last year.


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