Industry News
Qingdao Port could raise ocean freight prices by 400 dollars in Dec
Source:China National Tire&Rubber Corporation Date: 2011-11-16
According to Qingdao Port's Freight Forwarding Office, the European sovereign debt crisis has weakened demand in the European market and the freight forwarding business did poorly in Nov and shipping companies suffered as a result. The Freight Forwarding Office said the US unemployment rate fell slightly to 9 percent in Oct and a small rally in the American economy stimulated the economy. High Cube and General Purpose ocean freight containers' shipment charges from Qingdao to the US may go up $400 per container in early Dec. By then, the cost of Chinese tire exports to the US will rise accordingly.
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