Lotfy Al-Maghraby, member of the Customs Extractors Division at the Alexandria Chamber of Commerce, and Chairman of the Board of Directors of Sea Marine Egypt, said that the reason behind the high costs of sea freight, especially to China, is the crowding by shipping agencies to register shipments before the date of entering the ACI system for pre-registration of shipments. » Coming into force, which helped increase the demand for shipping, and then shipping prices jumped significantly.
He added, that the high demand for empty containers and their unavailability, prompted shipping lines to activate the container reservation service before the shipping agent carries out the shipping process, up to 15 days, which negatively affected shipping companies.
He explained that he was “surprised that the shipping lines imposed $2000 additional expenses” Over Price “on the container shipping expenses, provided that they are provided.”
He stated that the costs of shipping a 40-foot container from East Asian countries to Sokhna port amounted to $14,000, while the price of shipping a 20-foot container from East Asian countries to Sokhna port was about $10,000.
He pointed out, that sea freight rates have witnessed a significant increase during the current year, as they rose at the beginning of the year by up to 300%, but it continued to rise to reach during the current time to 500%.
Al-Maghraby explained that the shipping price has become between 45% to 50% of the product price, instead of 7% to 10%, which negatively affects the prices of products and goods, and becomes a burden on the consumer in the end.
On the reasons for the increase in the prices of the imported product, a member of the Customs Extractors Division at the Alexandria Chamber of Commerce said that the prices of raw materials, which witnessed an increase at the beginning of this year, ranged between 30% to 40% since the beginning of this year, in addition to the increase in labor prices, and the increase in transportation costs. The interior sector increased by 50%, driven by the increase in fuel prices, in addition to the increase in freight freight prices.
He continued, that the lack of clarity of vision since the beginning of the pandemic has caused fluctuations in the prices of the shipping market and an exaggerated increase in shipping costs.
The Moroccan article: $2000 Save the Price for a Shipping Container Written in Al Borsa Newspaper.