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Ocean Freight Update July
7/16/2021
Important Advisory Information
Important Advisory Information
July has seen rates on some shipping lines hold and some slightly increase during the first two weeks of July. Surcharges are being placed on 40ft High Cubes as there is a shortage of this equipment in the Far East, so shipping lines have implemented an increase on these rates. 

Understanding that due to the increased-rate levels, clients are keen to maximise the capacity of their orders in containers. We have been advised by shipping lines that they can, at the moment, assist with space and equipment on 40ft containers, they are also advising that high cubes will be more difficult to support bookings, due to the lack of equipment currently available in the Far East.

We are therefore advising clients, wherever possible to try and utilise standard 40ft containers, rather than possibly experiencing delays with bookings on 40ft High Cubes.

Shipping lines are also advising that they are heavily investing in new equipment which will be fed into the market as and when they are available.

It is widely hoped that governments in China, UK, Europe and the USA will step in and apply pressure on shipping lines to reduce rates. The impact of the high rates is definitely being seen on the high street and online, as prices naturally increase to incorporate the unprecedented rate hikes in Ocean Freight rates. This is now having an effect on inflation, which will now hopefully grab the attention of governments from the wealthier nations and force them to act.

What I would personally like to assure our clients, is that the JAG UFS board and all our staff in the UK and China offices are tirelessly making every effort to secure equipment and bookings for our clients.

I would like to thank our clients for their understanding of the current situation during these unprecedented times; your continued support is hugely valued and appreciated. We truly value your loyalty and faith in JAG UFS. 

Yours sincerely

Gary Wilcox
CEO, JAG UFS Group 

 

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UK Head Office
London Heathrow
Unit 2, Felthambrook Industrial
Centre, Feltham, Middlesex.
TW13 7DU. England
Far East Head Office
Shenzhen, China
Room 02, 11/F, Block East, Coffee Loft
Office, No 12069 Shennan Road,
NanShan District, Shenzhen, P.R. China
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Atlanta, USA
5520-C Old National Highway
College Park, Atlanta,
GA 30349, USA
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