Cube Shipping have made slight adjustments again

Dear members, due to the increase in shipping costs, our company's West-Malaysia Cube Shipping have made slight adjustments again. ( New Sea cubic freight shipping price will start on 3/6/2024 ) What is the reason for the increase in shipping fees? Starting from May 17th, we have facing the cost of booking container fees is raised from Guangzhou to West Malaysia with the Sea shipping company. According to our company's understanding, the "Red Sea front" has affected the extension of international shipping routes, causing delays or congestion of ships in the market, resulting in an unbalance between supply and demand in the entire shipping market, thus affecting container fees in the entire shipping market. When will the ocean freight be lowered? At present, the international situation cannot determine when container shipping fees will be reduced, but if shipping costs start to decrease, MYBEST will also follow the trend of lowering shipping costs in the maritime market.