World exporters arena to end the problem of high freight charges

  • World exporters arena to end the problem of high freight charges World exporters arena to end the problem of high freight charges
    The problem from the shortage of containers and the cost of ships (Space) that has risen about 7-10 times since 64, has caused a sea freight crisis to Thai exports and the global economy. which Thai exports still rely on sea transport to Thai trading partners in various continents, especially the United States. Increased freight costs also increased freight costs. The root cause of the problem comes from the COVID-19 epidemic, and the lockdown measures have reduced labor and port efficiency in many countries. Temporary closure of business and production facilities Chinese exports recover and US and EU demand increases. Suez Canal issues and other disruptions to operations at key ports Restrictions on the production of containers and linking information between related parties This has led to current problems such as port congestion and longer transit times from port to port. Ship delays have resulted in slower container turnover around the world. Container and tonnage shortages resulting in increased shipping rates as well as explain the impacts on international trade that occur in Asia Throughout the past two years, the Council of Shippers of Thailand (NSTDA) has tried to solve the problem through cooperation between exporters from various countries. The situation has started to improve since the beginning of 65 as the covid begins to unfold. the city is open do more economic activities But the freight is still high. from the rise in crude oil prices in the world market.

    Most recently, on 11-12 Oct., the NRA hosted the Global Shippers' Alliance and Asian Shippers' Alliance (ASA) Annual Meeting 2022 to solve freight problems and push forward maritime transport. fair A total of 32 representatives from member nations participated.

    Chaichan Charoensuk, chairman of the TNSC, said that the meeting agreed on important resolutions, consisting of

    1. The World Council of Shippers (GSA) and the Asia Shippers Council (ASA) agreed to issue a statement requiring Conditions of service of the Container Line (Cargo Bill of Rights Manifesto) to raise the minimum level of service (Minimal level of Service) and fair treatment of the carrier's services to the shipper. as well as to be used as a benchmark for assessing the services of container ship lines. The recommendations will be detailed in the Bill of Cargo Rights document.

    2. Agreed to continually discuss with the shipping line. to solve the situation of the carrier in the container system The Global Shippers Council (GSA) will coordinate closely with container shipping lines and related entities to develop and enhance cooperation in the supply chain. Reduce the integration of shipping lines in the form of an alliance (Shipping Alliance) that affects the creation of unfairness to shippers and deterioration of service quality. Including pushing to the trade competition regulators of each country around the world. such as the US Federal Maritime Commission (FMC) of the United States. European Commission to increase competition and ensure a fair trading system.

    3. The importance of digital transformation and sustainability The Global Shippers Council (GSA) recognizes the importance of digitizing trade and service models and recognizing sustainability in the supply chain. It emphasized the need to create a digital information exchange platform. the development of public facilitation channels at one point, including driving a structural approach in the supply chain of SMEs; environment and reducing carbon emissions, etc.

    Currently, freight rates in September have been reduced on almost all routes. The routes with reduced freight rates are the European route, the Mediterranean route. west coast route and east coast Dubai route Australia route West and East Africa Routes south africa route including the South American route Western and Eastern Japan Routes and Southeast Asia Routes The routes that have increased freight charges include the Korean route.

    However, Thai “exporters” still face challenges from high freight costs. because of the rising price of crude oil in the world market Although now the price of crude oil in the world market has declined. but still unable to reduce freight rates It also affects the shipping routes that the private sector has to plan and negotiate with importers in advance. If the freight cost problem has not been relieved, it may inevitably hinder the growth of Thai exports.

    Credit by https://www.bangkokbiznews.com/business/economic/1032279
    • Admin
    • 19 Nov 2022
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