The Vietnam Maritime Administration (VMA) said that sea freight rates have decreased recently, dropping by about 4% compared to the previous week.
In logistics activities, transportation costs account for 60-70 percent of total costs. Currently, freight rates are increasing sharply, severely affecting the export...
Numerous Vietnamese shippers have been facing challenges due to escalating sea freight rates, aggravated by arbitrary surcharge hikes by shipping lines.
The global sea freight prices have started rebounding from the end of July, showing that the marine shipping industry is gradually escaping the 16-month correction.
VNDirect expects oil tanker freight rates to remain high in the near future due to the upcoming embargo of the EU on Russia.
Despite the sharp increase in international freight rates, domestic rates have not fluctuated much. However, VDSC said, the risk of domestic port disruption due to the...
The constantly increasing international freight rates are forcing Vietnamese exporters to increase orders at CIF prices to retain customers.
Shipping lines increased their freight rates many times, even up to 10 times, causing difficulties for seafood exporters, and very high costs. Seafood enterprises...
While facing difficulties due to the impact of the Covid-19 pandemic, import-export and logistics businesses are worried international freight rates will continue to...
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