News / Vietnam recovery held back by steep ocean rates and box woes

It’s getting harder and harder for SMEs to find container shipping space ex-Vietnam, opting instead for short-term storage.

Demand for Vietnamese goods is higher than ever, according to forwarders in Ho Chi Minh City, but only multinationals can afford the current steep freight rates.

One local warehousing executive told The Loadstar: “SMEs are looking for overflow warehousing space since they can’t afford – or are not willing to pay – the incredibly high ocean freight rates.

“Others are simply unable to secure any ...