{"id":3159,"date":"2022-09-22T13:03:44","date_gmt":"2022-09-22T13:03:44","guid":{"rendered":"https:\/\/examinechina.com\/blog\/?p=3159"},"modified":"2023-01-02T11:33:47","modified_gmt":"2023-01-02T11:33:47","slug":"shipping-rates-are-falling","status":"publish","type":"post","link":"https:\/\/www.examinechina.com\/shipping-rates-are-falling\/","title":{"rendered":"Shipping rates are falling!"},"content":{"rendered":"\n<p>We have good news for importers: shipping rates are falling! Inventory surpluses, global port congestion, inflation, and reduced demand for cargo services from east to west cause a decline in freight rates. How much does shipping cost?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Shipping rates are falling!<\/h2>\n\n\n\n<p>Depending on the destination, international shipping is possible by air, sea, rail, and road transport solutions. Each method has its advantages and disadvantages and has different <a href=\"https:\/\/www.shiphub.co\/transit-time\/\" rel=\"noopener\">transit times<\/a> and freight rates.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/examinechina.com\/wp-content\/uploads\/2022\/09\/modes-of-transport-cost-and-transit-time.jpg\" alt=\"Modes of transport: cost and transit time\" class=\"wp-image-3163 lazyload\" width=\"600\"\/><noscript><img decoding=\"async\" src=\"http:\/\/examinechina.com\/wp-content\/uploads\/2022\/09\/modes-of-transport-cost-and-transit-time.jpg\" alt=\"Modes of transport: cost and transit time\" class=\"wp-image-3163 lazyload\" width=\"600\" srcset=\"https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/modes-of-transport-cost-and-transit-time.jpg 1024w, https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/modes-of-transport-cost-and-transit-time-300x225.jpg 300w, https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/modes-of-transport-cost-and-transit-time-768x576.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><\/figure>\n<\/div>\n\n\n<p>In 2021, 40 &#8216;HC <a href=\"https:\/\/www.shiphub.co\/cargo-containers\/\" rel=\"noopener\">container<\/a> freight rates ranged from USD 8,000 to over USD 18,000. From January 2022, the rates have a downward trend (apart from a slight increase in July). Depending on the route, rates have dropped by 40-75% since the beginning of the year. Current freight rates are at or below their 2021 lowest level observed in April. The drop in transport rates makes customers renegotiate long-term contracts with carriers.<\/p>\n\n\n\n<p>The graph below compares 2021 and 2022 ocean freight rates.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"http:\/\/examinechina.com\/wp-content\/uploads\/2022\/09\/ocean-freight-rates-40-hc.jpg\" alt=\"Ocean freight rates 40' HC\" class=\"wp-image-3164 lazyload\" width=\"600\"\/><noscript><img decoding=\"async\" src=\"http:\/\/examinechina.com\/wp-content\/uploads\/2022\/09\/ocean-freight-rates-40-hc.jpg\" alt=\"Ocean freight rates 40' HC\" class=\"wp-image-3164 lazyload\" width=\"600\" srcset=\"https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/ocean-freight-rates-40-hc.jpg 1024w, https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/ocean-freight-rates-40-hc-300x225.jpg 300w, https:\/\/www.examinechina.com\/wp-content\/uploads\/2022\/09\/ocean-freight-rates-40-hc-768x576.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/noscript><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">Shipping rates 2022<\/h2>\n\n\n\n<p>Let us take a look at the current ocean, rail, and air freight rates (September 2022):<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">LCL Rail freight<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Xiamen-Hamburg: 2.38 CBM &#8211; 700 USD<\/li>\n\n\n\n<li>Ningbo-Pruszk\u00f3w: 780 kg\/13.14 CBM &#8211; 3000 USD<\/li>\n<\/ul>\n\n\n\n<h3 class=\"has-text-align-left wp-block-heading\">FCL Rail Freight<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>40&#8217;HC Jing\u2019an-Gda\u0144sk: 8500 USD<\/li>\n\n\n\n<li>40&#8217;HC Guangzhou-Duisburg: 8800 USD<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">LCL Ocean Freight<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gda\u0144sk-Nowy York: 1.92 CBM &#8211; 1000-1100 USD<\/li>\n\n\n\n<li>Shenzhen-Gda\u0144sk: 12 CBM &#8211; 3900 USD<\/li>\n\n\n\n<li>Gda\u0144sk-Brisbane: 8.64 CBM &#8211; 3000 USD<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">FCL Ocean Freight<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>40&#8217;HC Tianjin-Gda\u0144sk: 8700 USD<\/li>\n\n\n\n<li>40&#8217;HC Xiamen-Hamburg: 7000-8000 USD<\/li>\n\n\n\n<li>40&#8217;HC Gda\u0144sk-Felixtowe: 4000 USD<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Air Freight<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Toronto-Frankfurt: 0.1 CBM &#8211; 500\/600 USD<\/li>\n\n\n\n<li>Yiwu-Gda\u0144sk: 200 kg &#8211; 6000 USD<\/li>\n\n\n\n<li>Manchester-Warszawa: 1.2 CBM &#8211; 700 USD<\/li>\n<\/ul>\n\n\n\n<p>Looking at the examples, it is clear that rail freight is less expensive than ocean freight. Air freight is the most expensive transport solution of all.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Will ocean freight rates decline in 2023?<\/h2>\n\n\n\n<p>At the end of 2022, we can expect a slight increase in freight rates in November and December, but it will not be as significant as the previous year. In addition, it is expected that sea transport rates will experience a downcycle in 2023 and even in 2024. Moreover, we can expect an increased capacity of the maritime transport fleet by approx. 9% (new ships will be launched). However, the freight rates will not be as low as before the pandemic due to more expensive fuel and investments in low-emission solutions and other <a href=\"https:\/\/www.shiphub.co\/shipowners-in-the-matter-of-ecology\/\" rel=\"noopener\">environmentally friendly technologies implemented by shipowners<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have good news for importers: shipping rates are falling! Inventory surpluses, global port congestion, inflation, and reduced demand for cargo services from east to west cause a decline in freight rates. How much does shipping cost? Shipping rates are &#8230; <a title=\"Shipping rates are falling!\" class=\"read-more\" href=\"https:\/\/www.examinechina.com\/shipping-rates-are-falling\/\" aria-label=\"Read more about Shipping rates are falling!\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":3165,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[408,401,409,473,474,402],"class_list":["post-3159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-freight-rates","tag-shipping","tag-shipping-cost","tag-transport","tag-transport-rates","tag-transportation","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"_links":{"self":[{"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/posts\/3159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/comments?post=3159"}],"version-history":[{"count":4,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/posts\/3159\/revisions"}],"predecessor-version":[{"id":5601,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/posts\/3159\/revisions\/5601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/media\/3165"}],"wp:attachment":[{"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/media?parent=3159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/categories?post=3159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.examinechina.com\/wp-json\/wp\/v2\/tags?post=3159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}