HÀ NỘI — Vietnamese exporters are worried about rising transportation fees as the tension in the Red Sea forces shipping lines to divert their routes to ensure safety. The transportation fees to Hamburg (Germany) are 3.5 times higher, from $1,200-1,300 to $4,350-4,450. “Rising transport fees cause difficulties to the export of seafood products to the US and the EU, which will affect the competitiveness and profit of exporters,” Hòe said. Rising transport fees add burdens on the costs of exporters, especially those of small scale who are already struggling to handle signed contracts. According to Shinhan Securities Việt Nam, Vietnamese firms exporting to Europe and North America’s East Coast are being affected by Red Sea route changes.

Source: Viet Nam News January 17, 2024 07:42 UTC