Shipping market is active - shipping rates are rising fast inventory increase capital backlog enterprise profitability pressure increased
Ocean freight was 1300 (USD per standard container) now to 13000 (USD per standard container)
Many enterprises reflect that the order rate has always maintained a 20% increase, but now not only the sea freight rate has risen wildly, but also the outbound vessels are particularly few and difficult to find. The biggest impact on export enterprises is the surge in shipping costs, which has led to an increase in the inventory of products and a backlog of funds, with the value of some products already lower than the price of shipping costs.
Since 2021, the international shipping market indices are active, reflecting the overall market situation of China's export container composite freight index average of 2016.7 points, an increase of 126.6% over the same period last year