Crisis Management for a Conflict with North Korea
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Doanh nghiệp logistics chia sẻ khó khăn chi phí vận tải biển
Logistics businesses share difficulties in shipping costs
VTV News | Local Language | News | July 26, 2024 | Supply Chain Issues
Container shipping rates from Asia to the US West Coast have reached nearly US$8,000 per 40-foot container (TEU), the highest level of the year. This increase is attributed to congestion at major ports and a maritime crisis in the Red Sea. Despite indications of a cooling market, forecasts remain cautious regarding potential fluctuations in shipping rates for the second half of the year. Logistics businesses are adjusting their approach by proactively sharing cost updates with customers. With rising costs stemming from increased shipping line expenses—such as insurance for risks in war zones and crew wages—logistics companies emphasize the need for precise cost calculations and coordination among manufacturers, sellers, buyers, and transport operators. Freight prices surged in the first half of the year, leading to record profits for major shipping companies like Maersk and Hapag-Lloyd, who have raised their profit forecasts. In the long term, logistics businesses advocate for the inclusion of shipping surcharges in the list of goods and services subject to price declaration, emphasizing the need for increased regulatory oversight of shipping line activities in Vietnam. Recently, transport routes from East to West showed a slight decrease in rates, indicating a potential easing of pressure on freight rates.