Noting that 11 percent of world trade passes through the Suez Canal, Leigh said that the IMF is concerned that the worsening situation in the Red Sea could increase shipping costs, as it has already done. The impact on inflation, he said, might be modest at current levels, but "there's ...
However, there are various difficulties in every link of cross-border logistics from the price increase of China Post Logistics package since July to the frequent dumping of containers by shipping recently, and then to the warehouse explosion in Haixi, the United States. And the various chains ar...
FOB 船上交货 Free On Board GRI 全面涨价 General RateIncrease H/C 代理费 Handling Charge HBL 子提单 House B/L I/S 内销售 Inside Sales IA 各别调价 Independent Action L/C 信用证 Letter of Credit Land Bridge 陆桥 LCL 拼柜 Less Than Container Load M/T 尺码吨(即货物收费以尺码计费) Measurem...
While LCL is economical because shippers share the container space, it involves more handling as goods are consolidated and deconsolidated, which may increase the risk of damage. Also read The Difference between FCL vs LCL shipping Roll-On/Roll-Off (Ro-Ro) Ro-Ro ships carry vehicles and ...
"If a vessel transporting Chinese automobiles opts to circumnavigate the Cape of Good Hope on its way to Europe, the duration of the journey will be extended by two weeks. Even if the charter fees stay constant, the export cost for each Chinese car to Europe will increase by 20...
In Lebanon, the per-standard container shipping cost, on average, has increased from around 2,000 U.S. dollars before the ongoing Red Sea escalation to 4,000 dollars, according to Zakhour. Insurance costs increase by as much as 700 percent due to soaring premiums related to "war risks," ...
More so, an additional increase of $1,000 was announced by carriers for the first half of May and additional increases of $1,000 have started coming in already for the second half of May. This enduring high cost exceeds the estimated financial burdens to carriers caused by the diversions, ...
Subsequently, shippers are forced to decide to wait at anchor for a slot that may take days or even weeks to arrive, either rerouting their vessels and accepting the increase in cost and transit time or choosing to move their goods overland. 3. Increased costs Uncertainty surrounding the ...
General Rate Increase (GRI), General Rate Restoration (GRR) or Emergency Rate Restoration (ERR): These are increases in ocean freight rates on all or more specific trade lanes during a certain period. These increases are introduced by shipping companies and are intended to bring their rates back...
General Rate Increase (GRI), General Rate Restoration (GRR) or Emergency Rate Restoration (ERR): These are increases in ocean freight rates on all or more specific trade lanes during a certain period. These increases are introduced by shipping companies and are intended to bring their rates back...