Thank you for bearing with us during the shipping crisis.
We have some updates and perhaps promising news.
The short term news for RORO shipping is NOT good.
As an example, before COVID-19 the US dollar rate per cubic meter for shipping from Japan to Bremerhaven was $77.
As of today, the rate has climbed to an incredible $180.
We advise you to be extremely careful with your budgeting when buying vehicles at the moment.
HOWEVER, the outlook for the future is promising.
Container ocean freight has finally started to ease and currently the rates are around half of what they were at their peak last year.
If container prices continue to decrease, we anticipate a shift from RORO shipping to container shipping which will hopefully in turn lead to a decrease in RORO shipping rates.
RORO shipping lines have taken advantage of high demand since container freight became prohibitively expensive.
In short, this has damaged a lot of business for both us and our overseas partners.
There seems to be a light at the end of the tunnel.
Let us hope the end of the tunnel is not too far away.
Thank you for your ongoing business and support.