The international removals industry is currently having to accommodate high freight rates for sea shipments. This is having a knock on effect on customer prices and also shipment transit times.

The reason for the high freight rates is that during the poor marketing conditions of the recession, shipping lines experienced considerable losses. In response to this, freight providers have now restricted capacity with many vessels being temporarily withdrawn from service. This has been the case in particular with vessels operating out of Singapore. Furthermore, orders for new, larger vessels have been delayed.

By implementing these measures, the consequences for the international removals industry are significant. There is now less availability on shipping vessels for containers and there is also an increase in freight rates for many destinations.

This entry was posted on Thursday, May 27th, 2010 at 12:01 pm and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.