Tough market for China-centric NVOCC/Forwarders?
Just a random thought. I mentioned a couple of weeks ago that I seemed to be hearing a lot lately from China-centric NVOCC/Forwarders.
Just a quick note that they certainly haven’t let up and I’m curious to know if anyone else out there is experiencing the same thing or can confirm the general situation. There are many NVOCCs focused primarily on the China (or Asia) markets and for years they have succeeded based on the booming growth in Chinese imports to the U.S.
Now they almost seem desperate looking for freight, as I seem to be getting cold-called left and right by such companies. I can only assume that with reduced import demand, rising costs in China, etc that it’s a challenging market for those whose business is concentrated on China. I would imagine they are (or should be) taking advantage of the boost in U.S. exports, but if their operations are not diversified or flexible enough to handle exports in as profitable a manner then perhaps it isn’t as much help as I thought. If anyone out there has further input please share.
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Imran on Sun, 28th Sep 2008 1:24 am
I think as the oil prices are soaring high the freight market is becoming tougher for NVOCCs, i don’t more about US-China nvoccs but china to Pakistan freight did not have much impact here.