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.
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.
Read more National News
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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.
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.
Read more National News
