PV Tech Insights: ‘at least five years’ before shipping costs fully normalise

By Sean Rai-Roche
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Shipping costs will fall in the coming years, but will not fully normalise for at least another five years, PV Tech Insights heard this week.

It will be at least five years until shipping costs will return to anything resembling pre-pandemic levels despite a huge amount of supply set to come online in 2023

That conclusion was reached by George Griffiths, managing editor of Global Container Freight at S&P Global Commodity Insights, during this week’s PV Tech Insights webinar that focused on the convulsions in the global shipping industry.

The webinar looked at what is expected to happen to prices moving forward and what measures companies were taking to ensure supply and the backstage infrastructure necessary for on-time deliveries.

Griffiths also discussed new business models that have emerged as a response to greater shipping uncertainty and offered advice to listeners struggling to decide between locking in long-term contracts or waiting to see what happens to market prices.

The full webinar can be watched on demand below.

PV Tech Insights sees industry-leading experts and authorities providing business-critical insight on a regular basis.

Read Next

June 14, 2022
Manufacturers in a range of sectors should consider fattening their inventories as quickly as possible to mitigate a prolonged disruption to global supply chains, according to a report.
June 2, 2022
Europe can go above and beyond the 740GWdc solar target set within the REPowerEU plan, but stakeholders remain split on the strategy.
May 25, 2022
Module price increases, higher raw material costs and logistical challenges will pull down the return on equity (ROE) for 25GW of India solar projects, with 5GW of those at high risk given when they submitted their bids.
May 24, 2022
The European Union’s solar strategy has established a 740GWdc deployment target and a raft of supportive measures, but what does it and the REPowerEU plan mean for the industry? PV Tech Insights will answer all of your questions in our upcoming webinar.
May 16, 2022
PV Tech’s new series of insight-led webinars, PV Tech Insights, kicks off this week to discuss that very challenge, with S&P Global’s George Griffiths joining us to share his expert insight into shipping and logistical challenges facing the solar supply chain.
May 3, 2022
Inverter manufacturer SolarEdge benefited from high demand for its products in Europe to increase revenues to a quarterly record while navigating a shortage of electronic components.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event