Each container costs as much as $13,500! The price of ocean freight from China to Mexico has skyrocketed by 575%!

It is learned that according to foreign media reports, as the epidemic has led to more trade between countries, merchants' freight costs have also increased significantly. Since January 2020, the price of sea freight from China to Mexico has increased by 575%.

Jorge Luis Cruz Ballado, general manager of APILAC, said that last year, it cost only $2,002 to transport a 40-foot container from Chinese ports such as Shanghai, Ningbo, Yantian, Xiamen, Qingdao or Hong Kong to the Port of Lazaro. But before the third week of November this year, the cost was as high as $13,500, an increase of nearly six times.

It is learned that US$13,500 is not the highest shipping price. In October of this year, the shipping price from China to Mexico reached its highest point, with an average transportation cost of more than US$14,265 per container.

It is reported that at present, the containers between China and Canada mainly come from Alibaba, JD.com, Pinduoduo, and Amazon Shopify, and 80% of the containers are handled by shipping companies such as APM-Maersk, Mediterranean Shg Co, Cosco Group, CMA CGM Group Hapag-Lloyd, Ocean Network and Evergreen Line.

Jorge Luis Cruz Ballado further stated that the concentration of containers in these shipping companies can speed up customs clearance, but it also leads to labor shortages and increased service pressure for shipping companies, which further doubles the shipping prices. In addition, it is not known when the shipping prices can return to the level before the epidemic.

Editor ✎ Nicole/

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