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Costco, a global retail giant, has teamed up with shipping companies

Time:2022-02-07 Publisher:Kevin Num:3615

Recently, the global shipping market is still tense, with insufficient transport capacity, port congestion and shipping schedule delays occurring frequently. Nowadays, many shippers (especially retailers) are considering chartering to solve the problem of transportation difficulties.

Just recently, Costco, a retail giant in the United States, cooperated with a well-known shipping company in the United States to rent more ships in the chartering market to solve the problem of tight supply chain.

With the support of Costco, the shipping company has leased a number of container ships in the past week, all of which are leased at a high price.

It is understood that among so many leased ships, there is a ship named "Kapasia", with a daily rent of US $42000 and a contract period of three years. Moreover, the capacity of the ship is as high as 2800teu.

In fact, as early as last year, Costco planned to solve the problem of transportation difficulties by leasing ships. At that time, Costco rented three containers and several containers to transport imported goods from Asia.

This cooperation with the shipping company is another measure based on its previous charter. Moreover, the ship capacity chartered this time is nearly twice that of the previous one.

Industry insiders said that the main reason why the recent chartering market is so hot is that the current market is still facing various problems such as insufficient transportation capacity.

In order to ensure the smooth operation of the supply chain, many retailers have also joined the ranks of chartering. Home depot, Wal Mart and IKEA are good examples. They are all renting container ships to ensure their transport capacity.

The chartering market is hot, which is bound to bring about a rise in prices. Insiders said that the container leasing market is rapidly approaching the historical high two months ago.

Data show that the daily rent of 4400teu container ships for 6-12 months increased by 2% on a weekly basis, setting a new record of $109000 per day. Clarkson's container ship rent index also increased by 2% to 388 points, the highest level since November 2021.

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