Ocean freight is a process of transporting large quantities of goods through cargo ships; the goods are packed in containers, and these containers are loaded onto the ship, from where they will be sent to the destination country. Because a typical cargo ship can carry 18,000 containers (TEUs), shipping is a cost-effective way to transport large quantities of products.
Who uses shipping?
Ocean shipping is often used by people importing from China or from other countries of the world. For people buying their stocks abroad, shipping is usually the cheapest way of delivery. If you import a large number of goods, shipping can be the most cost-effective option for you.
How much does freight delivery cost?
The total cost of sending Ocean freight depends on the type of chartering services that you need. It also
Varies depending on the following factors:
- Container size
- Travel time
- Type of cargo
- Cargo weight
- Cargo size
If shipping is too slow, but shipping is too expensive, some freight forwarders now offer a relatively new service, often referred to as expedited shipping. This service is often nearly as fast as air travel, but costs more than sea freight. It works by optimizing shipping processes and linking them only to faster shipping and premium services.
What are the disadvantages of shipping?
- Speed:Aircraft are about 30 times faster than ocean liners; passenger planes cruise at a speed of 575 miles per hour, and slowly sailing ocean liners travel at a speed of 16-18 miles per hour. Not surprisingly, shipping by air from China to the United States usually takes at least 20 days more than by sea.
- Reliability:Port transshipment, customs delays and bad weather usually add a lot more days to shipping than to air transportation. To date, there is a wider spread of tracking technologies in air transport than maritime transport. This means that shipping is more likely to be inappropriate than air shipping. This is especially true when shipping is less than container loading. However, maritime transport is gradually becoming more reliable in order to compete with air transport.
- Protection:Shipping is more likely to be damaged or destroyed than air transportation. This is because it takes longer to travel, and because ships are more prone to movement. But do not worry too much about the fall of sea cargo from ships. The urban myth speaks of 10,000 losses per year, but this is more like 546 of the 120 million container movements per year that fall in the drink. Piracy is even less likely. Hot spots in recent years have included the Horn of Africa, the Gulf of Guinea and the Strait of Malacca. For more information on marine and marine cargo insurance, visit our cargo insurance page.
Carriers continued to increase container costs, while container demand began to level out. According to some estimates, demand will not reach supply levels until 2022. This is bad news for sea carriers, but good news for importers and exporters.