Ningbo takes action! Regulate the shipping market and crack down on price hikes

Some time ago, shipping prices remained high, which caused great headaches for cargo owners. Recently, the shipping market has cooled down. Some sellers said that this is closely related to the power restriction order and relevant policies issued by various places. It is very important for relevant departments to supervise the shipping market. On September 23, Ningbo took the lead in issuing an announcement, stating that it would regulate the shipping market and crack down on price gouging and other market-disrupting behaviors.

The announcement clearly stated that it is necessary to resolutely curb illegal charges, speculation and other speculative behaviors in the shipping market, and protect the legitimate rights and interests of foreign trade enterprises ... Operators of various charges must strictly abide by relevant laws and regulations. Collusion, price gouging, price fraud, reselling vouchers and other illegal behaviors are strictly prohibited. Operators who commit illegal behaviors will be severely investigated and dealt with in accordance with the law. Serious offenders will be severely punished and exposed in the media.

This announcement from Ningbo is undoubtedly good news for local exporters, and some sellers said they can ship more goods.

In response to shipping issues, China, the United States and Europe held a maritime regulatory summit in early September, and some foreign shipping companies such as CMA CGM also responded by stopping the immediate price increase. However, this did not lead to a decline in overall shipping prices at the time, and the prices that should have increased were still increasing.

In China, it was the peak season for exports, and many sellers quietly chose to accept the reality when the prices of ocean freight and containers were "sky-high". Shipping companies, freight forwarders, scalpers, etc. became the winners at the time, and many cargo owners saw a decline in profits (of course, large companies were relatively less affected), and they hoped that the ocean freight prices would return to normal as soon as possible. At this time, the ocean freight prices ushered in a decline.

However, opinions vary on the recent drop in shipping prices. Some people say that this price drop is closely related to the power rationing order, and that once the power rationing period is over, the prices will still be speculated. Some cargo owners said that the prices on the US West Coast route are also falling, but it is mainly scalpers who are lowering the sales prices, which has no impact on the profits of shipping companies, and mainly affects manufacturers. However, some sellers have expressed a negative attitude towards this reduction, believing that it is only temporary, and that the price may rise more sharply in a while, so it is important to prepare goods for shipment as soon as possible.

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