‘Red Sea Crisis’ also affects… Major routes on the U.S. East Coast and others have increased,
Due to the overlap of the ‘Red Sea Crisis’ and the increase in Chinese water volume, maritime export transportation costs on major routes such as Vietnam and the European Union (EU) increased significantly compared to June. Provided by SM Shipping,
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, “Maritime export transportation costs on major routes such as Vietnam and the European Union (EU) increased significantly compared to June. The increase is attributed to the overlap of the ‘Red Sea Crisis’ and an increase in Chinese water volume.”,
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, “According to the Korea Customs Service’s ‘July Export and Import Transportation Cost Status’ released on the 16th, maritime export container transportation costs to Vietnam increased by 56.0% from the previous month, reaching an average of 1,822,000 won per 2 TEU (equivalent to one 40-foot standard container). The transportation costs to the EU also increased by 39.2% to 8,086,000 won. Compared to a year ago, this is a whopping 212.2% increase.”,
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, ‘All major routes such as the U.S. East Coast (28.1%), China (27.2%), U.S. West Coast (20.0%), Japan (1.5%) saw increases compared to the previous month.’,
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, ‘Maritime export transportation costs to China and Vietnam have been on the rise for six months. The U.S. West Coast has seen increases for four months, while the U.S. East Coast and EU have seen increases for three months each.’,
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Provided by Korea Customs Service,
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, ‘Recent reports from the Korea Customs Service indicate that export transportation costs are rising due to a shortage of ships caused by the increasing volume of Chinese water.’,
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, ‘Ongoing disruptions in maritime transportation in the Red Sea due to attacks by Houthi rebels in Yemen are also continuing to have an impact.’,
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, ‘Maritime import transportation costs increased on major nearby routes such as Vietnam (62.7%), China (12.8%), and Japan (4.2%).’,
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, ‘However, costs decreased on the U.S. West Coast (-10.7%) and EU (-7.9%).’,
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, ‘In terms of air import transportation costs, the EU saw an increase to an average of 5,651 won per 1 kg, an 18.1% increase from the previous month for two consecutive months.’,
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, ‘Costs also increased for Vietnam (4.4%) and China (3.0%), while Japan (-3.2%) and the U.S. (-1.1%) saw decreases.’,
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