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Shipping rates tumble 50%, making tyre imports more competitive

Diego Fernandez; Unsplash

Plummeting shipping rates mean prices of non-European imported tyres could drop. The Covid-19 pandemic led to unprecedented increases in shipping costs. Inevitably this has led to record profits at most of the major shipping firms, but now there are signs that the party is over. And if shipping costs have fallen, tyre imports into Europe are both more attractive and more competitive.

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Official launch for TyreCube shipping solution

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CEVA Logistics and Goodpack, which operates the world’s largest fleet of Intermediate Bulk Containers, have officially launched their TyreCube solution. TyreCube is a patented collapsible and stackable container for shipping tyres worldwide.

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  1. TyreCube – a new shipping solution for tyres
  2. Flux in freight markets results in reduced rates
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  4. Coronavirus creates shipping problems for tyre importers
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Flux in freight markets results in reduced rates

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Considering the increasing price of oil and continuing consolidation in the freight shipping, the slight decrease in freight rates, as shown on the graph, may come as a surprise. Maritime Cargo Services, a key freight forwarding agent in the UK tyre import business, explains…

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Related news:

  1. Freight markets volatile, though cost has fallen – MCS
  2. Uncertain outlook for Asia-Europe tyre shipments: MCS
  3. Maritime Cargo Services reveals market conditions affecting freight rates
  4. Port congestion sees shipping rates increase – MCS
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