Traditional off-season prices doubled. Why did the shipping costs rise "off-season"?

                                    Traditional off-season prices doubled. Why did the shipping costs rise "off-season"?

Since mid-April this year, shipping costs have continued to rise, and prices have changed almost every week. Now, according to inquiries, the price of a standard container from Shanghai to Hong Kong is between US$5,500 and US$6,000 in late June, which has doubled compared to a month and a half ago. The same situation also occurred on the South American route.

The freight rates have risen at an alarming rate this time, not because of the lack of ship capacity, but because of the huge demand for US imports. Although the capacity has reached the highest level since May, the peak season cargo volume that arrived earlier this year has made the ships departing from China to the United States full, and the freight rates have also risen. Moreover, even after booking in advance, it is not ruled out that the ship's container space is tight and the container is "dumped".

There is a saying about the reason for the strong US imports: the adjustment of US tariffs requires that the time of freight must be within the specified time, and US importers hope to deliver the products to warehouses and distribution centers before the tariff blockade.

Henan Sinowin Industry Chemical Industry Co., Ltd. do its best to guarantee shipping spaces and transport  goods in time.