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July 3 2022 11:03 AM ˚
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Sea freight rates from China, Far East down by a quarter from last month

(Photo: Pixabay)
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AMMAN— Sea freight rates for goods coming from China and the Far East have seen a significant drop, said Nabil Khatib, vice president of the Amman Chamber of Commerce (ACC), adding he expects such a drop to be reflected on the prices of imported goods on the local market within two months’ time.اضافة اعلان

Khatib told the Jordan News Agency, Petra, on Wednesday that the price of a 40-cubic-foot container from Shanghai to the port of Aqaba had come down to $7,500 a week ago compared to about $10,000 last month.

“Another drop in sea freight rates is forecast due to the shortage of commodities from China,” Khatib said, stressing that this decrease will negatively affect the Kingdom's exports due to a shortage of containers that will go to some countries.

Jordan imports about 500,000 TEUs, or twenty-foot equivalent units, annually, compared to 120,000 TEUs in exports.

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