Posted in Community :
Export & Import Merchandise
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Activity:
Question posted: 05 17 2008 05:31:36 +0000,
5 answers, 221 views, last activity
12 28 2010 12:34:27 +0000
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As an exporter, we are very much affected by the frequent upward revision in ocean freight rates in respect of export shipments. Other exporters are also very much upset on this. Any useful tips ?
Top Answer :
Rating : +1
Like in the case of any goods, the market dynamics work in the matter of freight rates fixation. More demand will lead to higher rates. One of the many strategies to insulate yourself from future escalations is to go for futures trading in freight derivatives. If you feel that the freight rates are on the rise, you can buy a futures contract called FFA (Forward Freight Agreement) through Freight Brokers. These are just like stock markets, if you do not have cargo for shipment, you can sell the FFA in the freight market and pocket the difference. Big shippers always gop for FFAs not only to gain form the buoyant shipping market but also to take care of future freight shocks.
by
RUDRESH KUMAR TOMAR, SUPERINTENDENT INDIAN CUSTOMS, MUMBAI
| 07 04 2008 06:08:09 +0000
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Answered by
Marc Michelmann, Client Servicing/Key Account Manager, Hartrodt
| 12 28 2010 12:34:27 +0000
Not Rated
Hi,
my ebook, LOAD, SEAL & SHIP, offers insights into this topic. Check it out at www.mmlogistix.com.
Regards,
Marc
Not Rated
Good Morning Sir, It gives me immense pleasure to introduce myself as the Executive Imports & Exports from AMI India Logistics Pvt Ltd towards your company [Single point of contact for future communication/ transactions with AMI].Freight rates has increased & still increasing due to to lot of food commodity has exported & still going outside the country. its volume cargo & stuffed by exporter or his clearing agent on weight basis which more than container capacity. (shipping companies accept max 23.00m/ton). Shipping company booked there slot on vessel which basis on the weight. They loose more container beacuse slot already completed by weight cargo. so they increase the freight to cover this slot cost. another one is lot shipping lines stopped their service from India. as answered by Mr. Ajay that Exports from china increased to European coutries, so shipping moved to china for benefit of huge volume and good freight rate compare to India. Kindly View my profile & revert me, So, I can revert with more information about AMI and me. Regards,Yashwant.
Good Morning Sir,
It gives me immense pleasure to introduce myself as the Executive Imports & Exports from AMI India Logistics Pvt Ltd towards your company [Single point of contact for future communication/ transactions with AMI].
Freight rates has increased & still increasing due to to lot of food commodity has exported & still going outside the country. its volume cargo & stuffed by exporter or his clearing agent on weight basis which more than container capacity. (shipping companies accept max 23.00m/ton). Shipping company booked there slot on vessel which basis on the weight. They loose more container beacuse slot already completed by weight cargo. so they increase the freight to cover this slot cost.
another one is lot shipping lines stopped their service from India. as answered by Mr. Ajay that Exports from china increased to European coutries, so shipping moved to china for benefit of huge volume and good freight rate compare to India.
Kindly View my profile & revert me, So, I can revert with more information about AMI and me.
Regards,
Yashwant.
Answered by
AJAY ARUN RAUT, Logistics Executive EMERSON CLIMATE TECHNOLOGIES (INDIA) LIMITED
| 05 18 2008 05:18:35 +0000
Not Rated
Dear Sir,
Recently ocean freight increased due to various shipping lines stoped their service from India. You might be aware that Exports from china increased to European coutries, so shipping moved to china for benefit of huge volume and good freight rate compare to India.
For ex. : Earlier there was 7 to 8 shipping lines providing service from India to a perticular european port but now it reducted up to 4 to 5 shipping lines.
These are points due to which ocean freight increased and expect rate will be same if there no change in situation or may be increase further.
Have a Good Day !
Best Regards,
Ajay
Answered by
Hitesh Patel, Manager, Excise & Export Galaxy Bearings Limited
| 05 17 2008 22:53:09 +0000
Not Rated
Due to unioun of s.line this happent. If we will continue one stemer line and will confirm yearly contract then should we can get some benifit.
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