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Sea freight costs set to fall

Container shipping costs look set to fall towards the end of 2013 as a result of general overcapacity in the market.

The summer months are traditionally peak season and tend to attract the highest rates, but overcapacity has been a persistent issue according to Lloyds List.

With Drewry Maritime Research predicting downward pressure on freight rates for the remainder of the year, shippers look set to benefit from lower container shipping costs.

We recommend customers with forthcoming shipments contact us to discuss exact timing requirements in order that we can obtain best possible prices. Shipping lines will frequently offer reductions on their quoted rates in order to fill vessel capacities.

 

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