A new era for companies importing from China is starting to become a strong reality, with trail shipments being conducted on the new routing planned by the shipping companies. If you are currently importing from China then it will already be common knowledge to you what the transit times for the ocean imports are, which is on average about 48 days, but you may not be aware the of the routing that the shipping companies are taking for this journey. The current route when importing from China is through the Suez Canal and the Mediterranean Sea.
With the continued effects of global warming, routes that were once classed as too dangerous are now becoming a much more viable option, with the lowered risk of sea ice, shipping lines are beginning to see these routes are much more effective. The new route is via the Berling Strait and across the top of the Euroasian landmass. The shipping companies have estimated that this could reduce the sailing times by up to 15 days, and it will cut the total distance by close to 40 percent.
This new option to the shipping companies hasn’t only become available due to the warmer climates. Russia has granted further permission to operate in their waters, a total of 372 vessels have been allowed in 2013, compared to 46 just the previous year in 2012.
It is still unclear when this routing will become available to companies that are importing from China, and what the cost of the faster service will be. Shipping lines are predicting that the interest in the service will make availability very scarce at the beginning, so it is predicted the rates will initially be quite inflated.
Once the novelty has worn away and maybe the effects of the rates have shown on company’s bottom line for the products that they are importing from China, it will begin to level out. Looking at the further long term future of this routing it could drastically change how we look at importing from china via sea freight and the viability of the option, which can only mean growth for all involved.
Eclipse will monitor any future developments closely and as soon as it becomes a fully-fledged option for our customers, we will issue all the details accordingly.