What trends affect international shipping rates
International shipping rates are affected by a variety of trends, here are some of the major ones:
Fuel price: Fuel is an important part of transportation costs, and fluctuations in fuel prices directly affect international shipping costs.
The supply and demand relationship of transportation capacity: The level of freight is also affected by the supply and demand relationship of transportation capacity. If transportation demand increases and the supply of transportation capacity is insufficient, freight rates will rise; conversely, if there is an excess supply of transportation capacity, freight rates will fall.
Shippingdistance and destination: Long-distance shipping usually requires more fuel and time, so shipping costs are relatively high. The location of the destination, port conditions, and local policies also affect shipping costs.
Cargo type and quantity: Shipping costs vary for different cargoes because they require different handling and storage methods. Likewise, the quantity of goods will also affect shipping costs.
Ship Size and Type: Larger ships are relatively less expensive to ship because they can carry more cargo. In addition, different types of vessels are suitable for different cargo types and transportation needs, which will also affect shipping costs.
Political and economic factors: Changes in the international political and economic situation may affect international shipping costs. For example, trade wars, tariff policies, exchange rate fluctuations, etc. may affect international transportation demand and costs.
Weather and Natural Disasters: Adverse weather conditions or natural disasters may impact vessel shipping times and costs, which in turn affects international shipping rates.
Technological progress: The adoption of new technologies and intelligent equipment may improve transportation efficiency and reduce transportation costs, thereby affecting international freight rates.
Environmental protection regulations and carbon emission taxes: As the world attaches greater importance to environmental protection, more stringent environmental regulations and carbon emission tax policies may be introduced, which will have an impact on international shipping costs.
How do importers predict the rising trend of international freight rates?
Importers can predict the rising trend of international freight through the following aspects:
Market supply and demand: The freight market is also affected by supply and demand. If transportation demand increases and the supply of transportation capacity is insufficient, freight rates will rise; conversely, if there is an excess supply of transportation capacity, freight rates will fall. Therefore, importers need to pay attention to the supply and demand situation in the global transportation market, including trade volume, shipping capacity, etc.
Fuel price: Fuel is an important part of transportation costs, and fluctuations in fuel prices directly affect international shipping costs. Therefore, importers need to pay close attention to the trend of fuel prices, including crude oil prices, fuel futures prices, etc.
Global economic situation: International shipping costs are closely related to the global economic situation. If the global economic situation is good and trade volume increases, transportation demand will also increase accordingly, which may lead to an increase in freight costs. On the contrary, if the global economic situation is not good and trade volume decreases, transportation demand will also decrease accordingly, which may lead to a decrease in freight rates.
Political Risks and Geopolitical Situations: Political risks and changes in geopolitical situations may affect international shipping and freight charges. For example, trade wars, tariff policies, regional conflicts, etc. may have an impact on international transportation.
Seasonal and holiday factors: Some seasonal and holiday factors may affect international shipping costs. For example, during holidays such as Christmas and Spring Festival, transportation demand may increase, resulting in higher shipping costs. Conversely, freight rates may decline after some traditional peak seasons.
New ship delivery and ship scrapping: New ship delivery may increase the supply of shipping capacity, while ship scrapping may reduce the supply of shipping capacity. Changes in these factors may affect international shipping costs.
Port congestion: Port congestion will affect transportation efficiency and costs, thereby affecting international freight rates. Therefore, importers need to pay attention to congestion at major ports around the world.
Technological progress and intelligent development: The adoption of new technologies and intelligent equipment may improve transportation efficiency and reduce transportation costs, thus affecting international freight rates. Therefore, importers need to pay attention to the development trends of related technologies.
To sum up, importers can predict the rising trend of international freight rates by paying close attention to market dynamics, economic conditions, political risks and other factors. At the same time, you also need to formulate reasonable transportation plans and strategies based on your own transportation needs and cost considerations.
Market conditions of the international transportation industry before and after the Chinese New Year
The market conditions of the international transportation industry before and after the Chinese New Year are affected by a variety of factors, including but not limited to the following aspects:
Festival needs: The Spring Festival is one of the traditional Chinese festivals, which usually brings a lot of logistics and transportation needs. These demands may focus on specific commodities, such as food, gifts, etc.
Weather conditions: Ice and snow in winter may have a certain impact on transportation, especially in some remote areas. In the event of severe weather, shipping delays or disruptions may occur.
International political and economic situation:Changes in the international political and economic situation may also affect the international transportation industry. For example, the Sino-U.S. trade dispute may have a certain impact on U.S. importers.
Choice of transportation mode: Different transportation modes have different characteristics and costs, so the choice of transportation mode will also affect the international transportation market.
For U.S. importers, they may face the following impacts:
Rising transportation costs: U.S. importers may need to pay higher transportation costs due to the factors mentioned above. This may result in increased procurement costs for them.
Extended delivery times: U.S. importers may take longer to receive shipments due to shipping delays or disruptions for a variety of reasons. This may affect their production plans and sales plans.
Increased supply chain risks: If major problems occur in the international transportation industry, such as flight cancellations or delays, U.S. importers may need to take steps to address supply chain risks.
The international transportation industry is affected by many factors, including climate, political and economic situations, etc. U.S. importers need to pay close attention to changes in these factors and prepare accordingly to deal with possible challenges.
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