6 Frequently Asked Questions: How The Global Shipping Crisis Is Affecting International Moving
Updated: Nov 12, 2021
From As Early As October 2020, Shipping Rates For Containers Started To Climb…..
1. WHY?
In short, capacity shortages on vessels as a result of knock-on effects from port congestion globally especially in the busier ports and bottlenecks caused by the
Covid-19 pandemic.
Read: https://bit.ly/2NGSrAY - White Paper from International Association of Movers
2. WHAT HAS THIS RESULTED IN?
Increasing delay, lack of container space, and significant freight price increases for ocean shipping in every industry. Not Just Household Goods Moving.
Read: https://www.straitstimes.com/business/soaring-shipping-costs-fire-up-consumer-prices
3. HOW DOES THIS AFFECT THE CUSTOMER THAT IS MOVING INTERNATIONALLY?
A. Affects budget planning as freight rates change every 2 weeks. Therefore a quotation for SEA FREIGHT is only valid for up to the date indicated.
Currently Shipping Companies ( Not the International Mover ) provide updated Freight Rates every 2 weeks, 15th of the qualifying month and 1st of the next month.
Therefore, if you have accepted a quotation dated 10th July and your shipment has been booked on a vessel dated 28th August, your sea freight rate is only secured up to the 15th of July.
Your International Mover will have to provide you with an updated sea freight rate closer to your vessel departure date. Currently, we are experiencing an increase every 2 weeks.