Asia to UK Freight Rates!!


The cost of importing containers filled with consumer/household goods from Asia into the UK has reached a record high after a surge in demand in the weeks before Christmas and the UK’s exit from the EU. Rates have not settled down in 2021.. In fact just gone up further!
Shipping experts believe the UK has been dealt a double blow by the impact of the coronavirus, which has disrupted global shipping supply chains, and the end of the Brexit transition period, which caused a large increase in imports in the last months of 2020. Container freight rates from Asia have increased almost tenfold since November to reach
USD$10,000 for a 40ft unit for the first time (James' update…. About USD$18k as of 20th Sept!!), amid a global rebound in demand for consumer goods and materials, and congestion in UK ports where many empty containers have been left stranded.
Vincent Clerc, chief commercial officer for Maersk, the world’s biggest shipping company, said there are “simply not enough containers in the world to cope with the current demand”. He said that recent lockdowns in the UK and across Europe may even spur further online purchases of consumer goods such as home exercise equipment and furniture for “at least for some weeks … It is really crazy how much we are moving at the moment, huge amounts,” he said.

Other Stories:


https://www.bbc.com/news/business-55740063

https://www.lloydsloadinglist.com/freight-directory/news/China-UK-rates-top-16000feu-in-ocean-auction/78256.htm#.YDIN6mMRX0o

What is groupage / shared load?

Boxchain-Moving UK & Singapore offers a shared load (or groupage) service.

What is the difference between groupage and direct shipping? Let’s start with the industry descriptions.

A direct shipment is referred to as an AIR, LCL or FCL

AIR = Airfreight, packed at your home and flown to destination within a few days. Transit time is typically 7-10 days to UK/SG/AU
LCL = A small sea shipment (up to about 10 cubic meters) packed at your home and cased at warehouse. Shipping is within in a couple of days. 20 days to AU (not inc quarantine) and 3.5 weeks to UK/SG
FCL = A large shipment (20ft & 40ft containers) 30 cbm and up. Packed at your house and loaded direct to the sea container. 12 days on water to AU and 3 weeks on water to UK

A shared load / groupage is referred to as GPG

GPG = Typically a low volume move, packed at your home and then taken to warehouse to await shipping. Shipping occurs when the Mover has achieved enough volume to send a container to the applicable port. For both UK & AU, it takes approximately 12 weeks to complete the deliver. However.. It’s not a fixed contract for transit time. It could be quick.. It could take a while. The reason a groupage shipment is ‘cost effective’ is because you are only paying for your space in a container and the Mover is not tied to a transit time.

If transit time is a factor for you, it would be best to consider the direct shipping options.

Read about us in Sassy Mama!

https://www.sassymamasg.com/family-life-boxchain-moving-movers-relocation/

UK TOR

Moving household goods to the UK requires a ‘transfer of residence’ - TOR.

Go online and follow the process.. Basically submit details of you and where you have been living. Documents required (and not limited to) are proof of overseas address and also a list of main items to be moved.

https://www.gov.uk/government/publications/application-for-transfer-of-residence-tor-relief-tor01

Contact us for advise and help!

Best regards,

Boxchain-Moving Team