Asian Rates Rise
Some carriers are reportedly still stalling 2017 contract negotiations on the expectations of further hikes in market rates. The ‘effective’ withdrawal of UASC and Hamburg Sud from the market and the recent announcement of the Japanese lines merger of container businesses has impacted the collective shipping lines positions.
On 7 December Asia-Europe carriers had to change the way that they make price announcements to customers, based on commitments given to the European Commission after a five-year long anti-trust investigation into alleged “price signalling”. The carriers undertook to “stop publishing and communicating GRI (general rate increase) announcements” on the tradelane.
Instead carriers are allowed to publish all-inclusive maximum freight rates for the route – however, these must be made more than 30 days before the implementation date. Furthermore, the published FAK (freight all kinds) rates must be the maximum prices for the validity period, inclusive of surcharges.
<< PLEASE SHARE THIS STORY ON SOCIAL MEDIA EASILY BY CLICKING THE ICONS TO THE LEFT.
More News…..
Uniserve empowers Vivid Goliath to navigate peak season successfully
Uniserve proudly announces the successful collaboration with Vivid Goliath, a prominent and Top 10 supplier within the toys and games trade, delivering exceptional results amidst the fast-paced and seasonal demands of their market. Vivid Goliath faced the challenge of...
Red Sea Disruption Update
Red Sea crisis grows following MSC vessel seizure, US forces destroy 2 attack drones and escalations between Israel and Iran risk spread to Arabian Sea and Indian Ocean. On Saturday 13th April, Iranian military forces boarded the 15,000 TEU “MSC Aries” and seized the...
Air freight disruption persists in Dubai following record rainfall in UAE
Dubai is continuing to recover from record rainfall, with up to 259.5mm (10.2in) of rain falling on Tuesday, 16th April – the most since records began 75 years ago. There have been many flight cancellations or delays due to the extreme flooding, especially for local...