June 1st, 2012:

Asia-Europe spot rates remain in doldrums

Jun 1st, 2012
by Rainier.
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Spot rates for containerized freight on Asia-Europe routes indicate that shipping lines’ solidarity on general rate increases (GRIs) could fall apart, say market commentators.

Spot rates for containerized freight on Asia-Europe routes indicate that shipping lines’ solidarity on general rate increases (GRIs) could fall apart, say market commentators.

The overall Shanghai Containerized Freight Index (SCFI) fell $17 to $1,409 but masked bigger drops in the Shanghai-Europe and Shanghai-Mediterranean components.

Container freight derivatives for Q4 2012 [...]

Canal warned toll rises “unacceptable”

Jun 1st, 2012
by Rainier.
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General de ICS, CEO of ICS

The International Chamber of Shipping (ICS) has sent a strongly worded letter to the Panama Canal Authority (ACP) describing plans to increase tolls by up to 15% as “simply unacceptable”.

The ICS, the principal international trade association for shipowners, representing over 80% of the world merchant fleet, calls for the plans to be withdrawn and for at least six months’ notice of future increases, to enable shipping companies to plan properly and fully assess the [...]