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The cost to ship Dominican products by sea has dropped up to 30%

Santo Domingo.- Dominican Republic´s shipping companies grouped in the ANRD on Wednesday said the cost to ship Dominican products to the US and other countries by sea have dropped up to 30%, mainly

The shippers´ statement responds to a complaint voiced Monday by the exporters grouped in Adoexpo, who say Dominican shipping companies fail to cut freight costs to the main export destinations, despite that international maritime freight fees from China to the Caribbean have fallen 70%.

The shippers said lower freight rates for containers from China and the East to the US and mainly Europe over the last year, and therefore the rest of the world, stem from the current global glut in transport capacity.

“The Chinese economy hasn’t grown at double-digit percentages as expected, but international shipping companies had ships built with that growth in mind, creating an overcapacity estimated at 30%,” the ARD said in a statement.

It adds that for these routes the shipping companies ordered oversized ships capable of carrying up to 20,000, 20-foot containers taking into account that those boats consume considerably less fuel per transport unit than the current ones.

Source: DT

Jan 20, 2016

Category: DR News |

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Last updated December 10, 2016 at 2:52 PM
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