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Home » Blogs » Blogs » Notice! Here are the reasons why international shipping prices have increased recently!

Notice! Here are the reasons why international shipping prices have increased recently!

Publish Time: 2024-05-14     Origin: Site

The price increase for all routes this time mainly started in South America. The main reason for the price increase in South America is that Brazil will impose additional tariffs on Chinese new energy vehicles in July and beyond. BYD is planning to build a factory in Brazil and is expected to ship 20,000 containers, resulting in shipping capacity. It is not enough. COSCO has withdrawn its ships from West Africa and moved to South America, which has led to a general rise in West Africa! In addition, the US election has announced that it will impose 50-60% tariffs on China in the future, which in turn has led some Chinese companies to increase their investment in South America!


European cargo volume is relatively stable, but due to the impact of the Houthi Red Sea crisis, the shipping schedule is long, resulting in an increase in the number of ships that need to be operated, which will also lead to a relatively tight shipping capacity.

To sum up the objective factors mentioned above, the subjective and tacit understanding of ship owners to work together to raise prices is also a relatively big factor this time!


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