Freight rates for shipping to ports in West Africa have skyrocketed by several thousand dollars

Recently, major shipping companies have been competing to adjust the shipping prices from Chinese ports to West African ports. This has had a considerable impact on the raw material trading market. According to some local exporters, to ensure the delivery deadlines for their customers, the loss per single container can be as high as 1,000 to 2,000 US dollars.

Facing the constantly changing risks of shipping costs and the increasingly meager profits of their products, many local exporters have stated that they are currently reluctant to accept large orders from West African ports. The commodity chemical industry has already become a high-risk industry.

In the future, due to the deteriorating market consumption environment, the profit margins of raw materials will be further compressed. Therefore, it is extremely important to find a partner who not only has rich experience in raw material trading but also possesses efficient shipping capabilities. This might become the trend of raw material trade in the future.

The ABLEX Group has a team with over 10 years of experience in maritime and air transportation, and also has a very mature and rapid response capability in raw material trading.   Even when the cost of maritime transportation increases rapidly, we can still provide timely and efficient service for you！