Contain(er)ing Export Costs

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While China’s trade statistics continue to soar – despite creeping appreciation of the RMB, removal of export tax rebates , higher interest rates, and restriction on bank lending . But the growth in demand has also resulted in higher costs for energy and materials and, as noted by the Telegraph, shipping:

    “Container shipping rates are set to soar as the rate of China’s export growth shows no signs of slowing and the price of fuel continues to rise.

    The trade body that covers shipping lines between Asia and the US said it would be recommending increases of $400 (£192) for each 20ft container sent from Asia to the west coast of the US, and $600 for trips to other US ports. The rate per container currently stands at around $2,800 (£1,340).

    The move follows increases on routes between Asia and Europe, where rates have already risen by as much as 9pc in the third quarter – the biggest hike for three years – as the price of crude oil used to make marine bunker fuel edges closer to $100 a barrel.”

The “China Price” seems set to rise again.

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One Response to “Contain(er)ing Export Costs”

  1. Contain(er)ing Export Costs Says:

    […] radar.com/author/” title=”Posts by “> November 5th. 2007, 2:33am unknown wrote an interesting post today on Here’s a quick excerpt: While China […]

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