“The value of my item is only $8,000, and the shipping fee is $12,000.” Pepe has received an export order in the past two days, but it has been slow to be completed. “The factory has stock and can be delivered at any time, but the customer is stuck with the freight. It's ridiculously expensive now.” On August 20, Freight Forwarder Smart, which specializes in offshore routes, made the latest offer. The shipping fee from Shanghai Port to Jeddah Port is 6,500 US dollars for a small container and 10,200 US dollars for a large container. He said that this is not a locked cabin price; it is possible to receive a new price increase notice by the time the ship starts on September 1. In just half a month, shipping costs on Middle East routes have risen all the way from about 7,000 US dollars to a high of 10,000 US dollars, and the industry expects to continue to rise in late August. Higher shipping costs have not only shaken the willingness of overseas customers to place orders, but have also boosted product inventory.

“The value of my item is only $8,000, and the shipping fee is $12,000.” Pepe has received an export order in the past two days, but it has been slow to be completed. “The factory has stock and can be delivered at any time, but the customer is stuck with the freight. It's ridiculously expensive now.” On August 20, Freight Forwarder Smart, which specializes in offshore routes, made the latest offer. The shipping fee from Shanghai Port to Jeddah Port is 6,500 US dollars for a small container and 10,200 US dollars for a large container. He said that this is not a locked cabin price; it is possible to receive a new price increase notice by the time the ship starts on September 1. In just half a month, shipping costs on Middle East routes have risen all the way from about 7,000 US dollars to a high of 10,000 US dollars, and the industry expects to continue to rise in late August. Higher shipping costs have not only shaken the willingness of overseas customers to place orders, but have also boosted product inventory.