In mid-March, 159 ships berthed at major grain loading yards waiting to load soybeans, which was four times higher than the five-year average. The worsening port congestion reduced the ship turnover rate. And because China still stops importing coal from Australia, apart from Indonesia, it needs to import coal from South Africa and Central and South America. The round-trip voyage is 10 to 20 days longer than that of Australia, which further stimulates higher freight rates. China Securities Investment also pointed out that freight rates may continue to remain high in the second and third quarters. Our freight forwarder has also issued a notice that the sea freight will increase in the near future. If you need to take the goods, please make arrangements early.
Post time: May-27-2021