Views: 0 Author: Site Editor Publish Time: 2026-04-03 Origin: Site
International oil prices skyrocketed by nearly 12% overnight, with both Brent and American oil breaking through the 100 yuan mark. Coupled with Iran's plan to impose high tolls on the Strait of Hormuz, the international shipping costs of large equipment such as rotary drilling rigs have experienced a cliff like rise. The cost of fuel accounts for about 40% of the total shipping cost, and the sharp rise in oil prices has directly pushed up the fuel surcharge for shipping companies, resulting in a 20% -35% increase in single voyage shipping costs compared to before the conflict. For rotary drilling rigs weighing over 50 tons and requiring transportation by special bulk carriers, the cost of shipping alone increases by 80000 to 120000 yuan per unit. What's even more serious is that after the implementation of the graded fee policy in the Strait of Hormuz, traditional export markets such as Europe and America require ships to pay a single pass fee of 1.5-2 million US dollars. Even though Chinese equipment enjoys friendly exemptions, shipping companies generally detour around the Cape of Good Hope to avoid risks, extending the voyage by 10-14 days and doubling the daily rent of ships, further pushing up comprehensive logistics costs. Export quotations were forced to increase by 3% -8%, directly weakening the international price competitiveness of domestic rotary drilling rigs such as Sany and XCMG. Some small and medium-sized orders were forced to be put on hold due to cost overruns.
The escalation of the situation in the Middle East and the tightening of cross-strait control have caused major congestion in global shipping links, significantly extending the delivery cycle of rotary drilling rig exports. On the one hand, the daily average traffic volume in the strait has plummeted by 95%, with over 2500 ships stranded in the Persian Gulf. Port operation efficiency has decreased by more than 50%, and the time for equipment loading, customs clearance, and departure has been extended from 3-5 days to 15-20 days. On the other hand, mainstream shipping companies have suspended risky routes and detoured around the Cape of Good Hope, resulting in a 40% increase in voyages from Asia to Europe and the Middle East. The originally 30-35 day transportation cycle has been extended to 45-50 days. Rotary drilling rigs are mostly used for overseas pile foundation projects, and delivery delays directly lead to delayed construction progress, facing owner penalties and contract breach risks. At the same time, the extension of transportation cycles coupled with port congestion has led to a surge in additional expenses such as equipment storage fees, demurrage fees, and transfer fees, resulting in an increase of 20000 to 30000 yuan in individual equipment related costs, further compressing profit margins.
The intensification of geopolitical conflicts has led to a simultaneous surge in insurance and safety costs for international transportation of rotary drilling rigs. The risk level in the waters surrounding the Strait of Hormuz has risen to the highest, with ship war insurance premiums soaring from 0.25% of the value of the cargo to 7.5%. For a rotary drilling rig worth 5 million yuan, the war insurance premium alone has increased by more than 360000 yuan. At the same time, in order to avoid risks, shipping companies have imposed high risk surcharges on the transportation of equipment in high-risk areas, requiring additional reinforcement measures and separate transportation, resulting in a 15% -25% increase in disassembly and assembly costs, packaging costs, and labor costs. In addition, the risk of piracy and attacks in regions such as the Middle East and the Red Sea has increased, and measures such as increased security escorts and real-time monitoring of routes are needed for equipment transportation, resulting in continuously rising security management costs. Under the superposition of multiple risks, some logistics providers refuse to accept orders from high-risk areas, and export enterprises have significantly reduced their available transportation channels, seriously weakening the stability of the supply chain.
The impact of the skyrocketing oil prices and geopolitical conflicts has spread from sea transportation to land transportation, putting comprehensive pressure on the inland multimodal transport chain of rotary drilling rigs. Fuel costs account for 35% -40% of the total cost of road logistics, and a 12% surge in oil prices directly leads to an 8% -12% increase in land transportation costs from domestic factories to ports and overseas destination ports to construction sites. The domestic short distance transportation of a 40 ton rotary drilling rig increases the fuel cost by 700-900 yuan per trip, and the cross-border land transportation cost increases by over 10000 yuan. At the same time, border closures and security checks have been upgraded in many Middle Eastern countries, and the clearance time for land transportation has been extended by 3-5 times. Some areas have been interrupted due to the war. The efficiency of the multimodal transport model that originally relied on "sea and land transportation" has plummeted, and the delivery cycle of equipment from ports to construction sites has doubled. Some projects have been shut down due to the inability of equipment to enter the site in a timely manner, causing chain construction risks.
Faced with the triple pressure of cost, timeliness, and risk, rotary drilling rig export enterprises are forced to comprehensively adjust their logistics and market strategies. On the cost side, optimize the equipment disassembly plan by splitting and transporting components such as masts, drill rods, and counterweights to reduce volume and individual weight, saving 10% -15% of sea and land transportation costs. On the transportation side, abandoning the traditional Red Sea and Persian Gulf routes and turning to the China Pakistan Economic Corridor, China Russia land transportation channel, or transiting through Southeast Asia to Europe and the Middle East, although increasing transit links, can avoid strait risks and ensure delivery timeliness. On the market side, we will shrink orders from high-risk areas and focus on expanding into geographically stable and transportation safe markets such as Central Asia, Latin America, and Africa. At the same time, we will negotiate with customers to adjust delivery cycles, share new logistics costs, and stabilize cooperative relationships. Short term profits are under pressure, but through supply chain optimization and market restructuring, a foundation is laid for long-term stable exports.
