The tuna industry is feverish because of ocean freight rates
MEKSEA.COM – Ocean freight rates continue to be significantly increased. Therefore, the tuna industry is still struggling to export canned tuna products. Rising shipping prices do not solve the supply chain delays, but rather because shipping lines are facing the outbreak of the covid-19 pandemic in major ports, causing congestion.
Recently, international shipping line Maersk said, currently, the waiting time for container ships at Long Beach port, USA is 38-40 days. In addition, this shipping line is also closely updating the situation in China, especially Ningbo port because this is an important route for world trade.
Congestion at Long Beach is one of the differences for the tuna industry. (photo: interest)
According to the Harper Shipping Index, the global container price for a 20ft container as of January 7, 2022, is 3,817 points. In the first week of January 2021, the index was around 1,000 points, which means that shipping prices for these boxes have increased by 280%.
Read more: Container shipping “return to normal” not until the end of 2022
Currently, businesses specializing in canned tuna products are suffering from high ocean freight rates. Previously, a 20ft container of canned tuna from Thailand to the US was about 8,000 to 13,000 USD. Now, this fee has increased 3-4 times compared to 1 year ago. While US importers often buy on FOB, that is, they have to pay a large amount of money for shipping fees.
This has made it difficult for global canners to compete in major markets around the world.
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By Hayati (Meksea Team)
(hayati@mekseaconnection.com)
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