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Import from India severely hampered by container shortage

Sea freight from India is suffering severely from the consequences of the corona crisis. A serious container shortage is currently making imports from India very difficult. On top of that, the containers that are still available go for ridiculous rates. The situation is expected to take another 2 to 3 months to improve. Meanwhile, we are looking for creative solutions.

 

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Starting to import goods – this is how you limit your transport costs

Are you starting to import goods? You will likely start small. Your shipments will often comprise a few samples, or a few cubic metres. In this case, the most economical way to ship your goods depends on a number of factors. Moreover, the Incoterm you conclude with your supplier may result in unexpectedly high costs. How does this all work exactly?

 

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Golden Week, capacity issues and Peak Season Surcharge

For those who import from China, Golden Week is probably a familiar concept. Shipping routes from the Far East are exceptionally busy over this week of festivities. As a result, capacity margins – already very scarce this year – will be further reduced. The Peak Season Surcharge (PSS), set as a result of this scarcity, may therefore be increased. So what’s the outlook? 

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The vicious circle of rollovers

A rolled container is the scourge of every importer. Because there is no more available space onboard the vessel, the container cannot be loaded and is moved to a subsequent shipment. This could lead to days of delays. What actually causes rollovers and what can be done?

 

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Vietnam import duties reduced thanks to free trade agreement

Eliminating 99% of import and export duties within 7 years – that’s the objective of the free trade agreement between the EU and Vietnam. This ambitious trade agreement will come into force on 1 August 2020. If you regularly import goods from Vietnam, it is likely that you will be eligible for a rate reduction or zero rate on your import duties from as early as next month.

 

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