Importers bringing goods into the UK from Asia should see the cost of shipping continue to fall steeply before stabilising next spring, industry experts predict.
As congestion in global supply chains has eased and demand fallen, the cost of moving containers from Asia has fallen by 30 per cent in the last two months and halved from the peak in the autumn of 2021.
The cost of a 40ft container shipped from China to Europe is now around $7,000, according to the ocean freight data supplier Xeneta, down from highs of more than $14,000 during the run-up to last year’s Black Friday sales and Christmas stock-up period.
Lars Jensen, chief executive of the consultancy Vespucci Maritime in Copenhagen, said prices would continue to fall. “All
