There are advantages to the recession, and the overcapacity that now exists in the container shipping business from China to Europe, as well as the between China and the USA.
This is a great time to start to specialize in shipping, as the rates for shipping a 20 foot container from China to Europe has gotten to be as low as $300 (plus various fuel and transit fees), which compares to $3,000 a year ago.
The rates for the USA have also dropped about 80%-90%, so this is great time for developing the import business.
Another reason for the drop in shipping fees is that the MEGA ships which carry the containers can now accommodate up to 13,800 containers on one
ship. Several shipping lines have on order ships which can carry 22,000 containers!Shipping brokers estimate that rates will remain for low for at least the next 2-3 years due to this tremendous capacity, and the slow down in shipping.
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