Shipping Costs

[DCPU]

For those that don't subscribe, there's a headline in today's Automotive News:

"Record shipping costs add to automotive supply chain woes

Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 a day, the highest in data since at least 2000, according to Clarkson Research Services Ltd. a unit of the world’s largest shipbroker.

Over a 60-day voyage that would imply about $740 per car, up about fivefold since before the pandemic"

Not an inconsiderable cost when shipping to North America or Oz.

What's the notional cost on an invoice currently for Oz?

 

[ECrider]

Can't comment on the specialist car-carrier / ro-ro ships but anything container based has peaked, or so it would appear. Some forecasting 30pct drop in container chartering rates - all finger in the air but would be surprised if doesn't fall dramatically. So anything container focused should start to fall, subject to any bunker increases.

 

[Stu_Barnes]

“Bunker” being fuel, for those not familiar with maritime lingo.