The freight will increase twice in three days, shall we deliver goods or not I want to ship, where can I find the container Find the container, where to find the shipping space

1. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
1
Globally shipping fees increased in 2021-covid-19
The container shipping fees has been fluctuating up and down at extremely high levels, and there is no sign of
falling back in a short time.
The freight will increase twice in three days, shall we deliver goods or not?
I want to ship, where can I find the container?
Find the container, where to find the shipping space?
What should I do if the shipping schedule is delayed if I get a space at a high price?
Finally arrived at the destination port, what should I do if the port is congested?
Floating in the sea...
Recently, many shipping companies have released their first quarter financial reports, and many have
achieved the highest performance in history.
1. Maersk's first quarter profit set a record
2. COSCO SHIPPING Holdings makes 170 million yuan a day

2. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
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In the first quarter of 2021, it achieved a net profit of 15.45 billion yuan attributable to its parent, a year-on-year
increase of 5200.62%.
3. The performance of Evergreen Shipping hits a record high
Although its container ships blocked the Suez Canal and faced sky-high compensation, Evergreen Shipping
broke the best quarterly revenue in its history in the first quarter of this year.
4. HMM turned a loss to profit for the first time in 10 years
South Korea's HMM achieved its first profit since 2011. In the first quarter of this year, the operating profits of
HMM and SM Merchant Shipping are likely to exceed the operating profits of the entire 2020.
In the current situation of "surging sea freight", shipping companies are brewing a new wave of price increases.
Taking Hapag-Lloyd as an example, the general freight rates from East Asia to the United States and Canada
have been increased.
"Affected by the superimposition of multiple factors, the demand for international container
transportation has been concentrated since June 2020. In addition to the necessary repairs and
maintenance, the major liner companies have basically put all their shipping capacity into the market."

3. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
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1. "Affected by factors such as insufficient labor caused by the spread of the Covid-19 abroad, ports in the
United States, Europe and other places have experienced severe congestion since the fourth quarter of 2020.
For example, the most congested ports in the United States, Los Angeles and Long Beach, are currently
waiting for more than 30 container ships, 85 % Of ships need to anchor at least 8 days to operate; container
cargo stays at the terminal for up to 2 months; and European routes generally stay at multiple ports. Due to
congestion in major ports, the entire voyage time is lengthened."
2. “Foreign ports are congested, the logistics supply chain is disordered, and the efficiency is reduced. This
has led to large-scale delays in container liner schedules. The on-time rate has dropped from more than 70%
to the current 20%, which has seriously affected the operational efficiency of container ships. The contradiction
between the capacity of container ships and the supply and demand of empty containers. Problems such as
tight capacity, shortage of empty containers, and rising freight rates have become global problems. Vietnam,
India, South Korea and other countries have also seen rapid increases in freight rates.
3. The high freight rate is mainly due to the stable situation in China. the influx of a large number of overseas
orders, and the lack of shipping capacity . China-US trade has recovered, and the number of sea containers
sent from China to the United States has increased by 46.5% to 987,833. This accounts for about 60% of Asia’
s total volume. In 2021 April , the volume of maritime container shipments from Asia to the United States
increased by 32.1% It has increased for 10 consecutive months, setting a record high in a single month in
April .

4. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
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It is difficult for container shipping prices to decrease.
The freight rate of a high cabinet on European routes has exceeded 10,000 US dollars; the freight rates of the
East and West routes have exceeded five digits; the freight rates of the East and West US routes have
reached the level of 7000 US dollars and 9000 US dollars. .
"Since April,2021, the' difficult to find a container ' has once again troubled us. we cannot book a container in
May, and the price for a 40-foot container on the West Coast route was US$9,000, which was nearly double
that at the end of 2020. Orders are waiting to be shipped." A seller couldn't help calling "too difficult." In late
June, the price of a 40-foot container from Tianjin to the US East is expected to rise to "17,000-18,000". "Some
freight forwarders even offer more than 20,000 US dollars."
Beside that, but now our containers from Qingdao Port have to stay in China for more than one month. Even if
the plan is not delayed, it will take at least 70 days to arrive in Poland. Moreover, shipping companies are now
picking and choosing the goods and the arrival port. The business that had no problem before is now stuck
because of the shipping problem.
And the logistics enterprises between the cargo owner and the ship owner have increased their workload
several times. They are receiving goods and looking for ships every day.

5. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
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The chairman of a logistics group in Ningbo, Zhejiang said: "We are now ordering more than 10,000 containers
per day, and now less than 50% of the actual shipments. The lack of space and boxes still exist."
Facing the terrible situation of rising freight rates, shortage of containers, and congestion, the US import
and export giant Home Depot has launched a charter operation.
Home Depot is the world's leading retailer of household building materials and the second largest retailer in the
United States. It is located in the United States, Canada, Mexico and other regions. It ranks third in the newly
released 2020 Top 100 US Buyers and Consignee Imports. In 2020, its ocean purchases exceed 520,000
TEU.

6. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
6
A company the size of Home Depot has long-term contracts with shipping companies. However, due to rising
freight rates and various congestion conditions, Home Depot found that it may really not be able to counter the
negative impact of the current rapid increase in shipping prices. So it's time to charter a boat.
some unexpected events have made global trade more difficult.
The blockage of the Suez Canal affected the daily flow of more than 55,000 TEUs for 6 days, with a total
volume of 330,000 TEU. Yantian Port has been unable to handle the daily flow of nearly 25,000 TEUs. In 14
days, this figure reached 357,000 TEUs. In addition, the congestion problem has not been resolved, and the
impact is spreading to neighboring ports. According to Refinitiv data cited by Reuters, more than 50 container
ships were waiting to dock in the outer Zhujiang River Delta on Friday. Even if the crisis is resolved, we will see
the impact of the surge in cargo. Due to the increase in detention time, congestion may occur in the destination
port, which has a delay of about 2 to 5 weeks.
Currently, Yantian's export business is beginning to recover, albeit at a very slow pace. An industry insider said,
“The terminal is expected to increase its operations to 60% in the next two weeks, so I think this will continue
until we see the recovery of Yantian, at least around the end of June.”
Lars Jensen, CEO of Vespucci Maritime, said that 153 ships in the area are now affected and 132 have been
cancelled.

7. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
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The increased shipping fees and disordered shipping market has caused many oversea orders been
canceled,especially for some low costs products, steel, float glass,plywood, and some thermal insulation
products.A glass trading company in Qingdao which relied on float and laminated glass export told us that the
revenue decreased by 50% compared with 2020.
As glass manufacturer and exporter in China,Morn BM’s business was also affected by the increasing shipping
fees,some customers claimed to cancel the order which was delayed delivery for the pending and pending
departure ships.

8. QINGDAO MORN BUILDING MATERIALS CO.,LTD
Your turnkey China tempered glass/laminated glass/insulated glass supplier
Add:Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei District,Qingdao,China,266024 MARKETING@CNMORN.COM
8
We sincerely hope customers understand the situation now and calculate the costs of the final goods,and then
decide should you really need to purchase from China now,it’s really hard time for everyone.
Contact us:
Qingdao Morn Building Materials Co.,Ltd
China HQ: Room A304,Shengxifu Road,NO.209 Weihai Road,Shibei
District,Qingdao,China,266024
Sales Email: marketing@cnmorn.com
Technical support: han@cnmorn.com Mobile/Wechat: 0086-17705464660
Website:https://www.cnmorn.com/ https://www.mornglass.com/