A report from Hong Kong’s South China website says that the exporters from China are facing the burden of hike in the US transportation cost due to short supply and the reason for the same is not just the trade conflicts that is on between them, but due to COVID-19 pandemic, the navigation route have become limited. Thus, the shipping cost has been raised considerably and many of the Chinese export companies are exporting American products by having advance payment of the freights. To learn more about the suspended platform manufacturers, please visit this website.
During this year the freight rates has been seen to be just double than what it was charged. The report from Shanghai Shipping Exchange states that in between May to August, the freight has been doubled to 3639 US dollars per box for transporting the products from Shanghai to the West Coast of the United States, which also includes Port of Los Angeles. This has been counted as the highest one since 2009.
In this regard one of the report from the China Ports Association also mentioned that the during the summer months, quantum of goods shipped to the United States also got increased to high extent for the reason that suppliers were much concern about the effect that Sino-US trade frictions may have on the trade and therefore they scheduled their shipments early before their scheduled dates. To find ZLP800 suspended platform with high quality and affordability, visit this website.
Many of American importers started to stock the goods for holidays and Christmas, so the export of Chinese products at the end of quarter 3 was at the highest. When the export statics were compared with the previous year’s exports, it was found that the quantum of goods exported through sea route to the United States depicts gradual increase in the month of June. There was a hike by 7.8% as compared to previous year ago and imports were increased by 16%.
