The cost of shipping wood to China has almost trippled since January — the result of Covid, increased fuel prices and so on. The slowdown in the Chinese economy has extended to the construction industry. Currently, 10 percent of the global shipping fleet is sitting in the water off China waiting to discharge and incurring demurrage costs daily. (Demurrage is a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.) Many ports have been shut down due ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!