Dried Fruit

Desiccated coconuts: container shortage causes freight costs to skyrocket

January 20, 2021 3:32 PM, Der AUDITOR
Play report as audio

MANILA. Market players report that freight charges have reached astronomical levels because there are not enough containers available. They hope that the situation will calm down again after the Chinese New Year.

Freight rates increased eightfold

Experts at T.M. Duché report that the new year began with a big bang in freight rates from the Far East. Some shippers reported to logistics news portal The Loadster that freight rates, which are usually USD 2,000 for a 40' FCL, have risen to as much as USD 16,000 in some cases for deliveries in the second half of January. This is primarily due to the prevailing container shortage. Companies are now delaying shipments as much as possible in the hope that prices will return to normal after the Chinese New Yea

View related articles

Go to the News Overview
Nuts
Sep 29, 2022
MADRID/SACRAMENTO. Spain's almond harvest is progressing, but yields leave much to be desired. Market players are also dissatisfied with the development of demand.
Nuts
Sep 29, 2022
ORDU. With the US dollar gaining in strength and the euro losing in value buying and selling hazelnuts has become even more difficult for suppliers in Turkey. There is also some good news concerning the crop.
Nuts
Sep 28, 2022
MANILA. The coconut market, like all other markets, has been badly hit by the crises in the world market. In addition, there is the typhoon season, which has already caused damage in the Philippines; all this will have an impact on prices.
Dried Fruit
Sep 28, 2022
IZMIR. Turkish exports of dried sour cherries experienced a heavy damper at the beginning of the new season. Due to the low demand, export prices also had to be adjusted.