Latest news on Far East Freight Rates

Unexpectedly, prices in the Far East freight market have continued to decline, and the current low rates appear set to last until at least the end of June. This sustained drop has created a significant shift in the industry, impacting both sea freight and airfreight logistics.

One of the major consequences of these lower rates is that some shipping lines have become completely overloaded with business. As a result, affected carriers are now facing backlogs of up to two weeks at origin, leaving many businesses struggling to secure timely shipments.

At K & L Freight, we are proactively managing these challenges to ensure that our customers experience minimal disruption. Our team works tirelessly to navigate bottlenecks, switch carriers when necessary, and keep containers moving as planned. This means our clients can continue to take advantage of the exceptionally low far east freight rates without the frustration of unexpected shipping delays.

Similarly, airfreight rates from all major hubs in the Far East remain unseasonably low due to a decline in booking volumes. While the UK economy is performing relatively well compared to other major EU countries, space from China is still sold on a pan-European basis, creating plenty of spare capacity. This presents an excellent opportunity for businesses to reduce their import costs by leveraging the current market conditions.

Are you enjoying the benefit of current low sea freight import container rates from China? Or do you suspect that the drops in prices through 2015 have not been passed on to you? If you are in any doubt at all why not give us a call on 01606 331103 or mail us on enquiries@klfreight.com