Quote:
Originally Posted by mav1178
End of last year means they were imported Q2 into Q3, which means in the middle of 2021 the shipping rates were high but not absurd.
Spot rates for a 20' container was anywhere from $15-30k in Q1 of this year, depending on what port it sailed from. That is about double from last summer and 4x what it was normally.
And the reason for this is because many importers have a fixed cost structure that could not account for sudden changes in pricing and are sort of waiting it out, otherwise they will lose a lot of money.
Or they're waiting it out to "raise" MSRP and also have customers cancel orders at old prices.
Coupled with the fact that the JPY plunged in value over the last 90 days and it's just making some vendors hurt more.
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I’m on the loose a lot of money end since we have to honor sales agreements already signed. At least shipping is coming back down. I’m getting rates of 11-14k for full 40’s now less taxes and duties depending on weight and port of loading.