We are the professional designer, manufacturer and service provider in crane and material handling equipment. Our products are usually delivered by sea transportation.Shipping costs have been growing strongly since the autumn of 2020 , which cause great pressure in our international trade.
There are indications that global shipping prices are still soaring. Recently, the Baltic Dry Bulk Index hit a new high again, soaring to 4233 points, a record high in the past 12 years. Compared with the low point of 1111 points in January last year, the cumulative increase has reached 281%. According to Drewry Shipping data, the spot freight rate of manufactured goods has soared for 20 consecutive weeks, an increase of 731% from the average seasonal level of the past five years.
John Wobensmith, president of American dry bulk shipping company Genco Shipping, recently stated that the current global freight demand is growing rapidly, far exceeding supply. This is a seasonal level not seen in 10 years, and bulk shipping costs are expected to continue to rise. With the retaliatory rebound in shipping demand, the United States has staged a "major blockage of the century." On September 16, a record congestion occurred in San Pedroro Bay in California. The number of container ships waiting in line reached a record 65, and the number is still increasing. Of these, 21 ships were forced to Drifting at sea. Against the background of soaring global freight demand and the continuous soaring of shipping prices, the major shipping giants are building ships madly, and the third super cycle of the global shipbuilding industry may already be on the way. Global shipping costs are still soaring, giants issue warnings.The serious situation of shipping will have a great impact on crane industry.As a Crane company, we are able to supply you with all kinds of cranes and other material handling equipments,including overhead bridge crane,Gantry Crane,electric wire rope Hoist, electric chain hoist and etc. We hope to create values for our customers even in this severe shipping situation.
