Disconnect: time-charters and the freight market
Time to jump off?
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Carriers’ attempts to force up rates on the moribund Asia-Europe westbound trade are almost certain to fail unless there is renewed push to reduce the overcapacity situation.
This week Hapag-Lloyd, just as it did a year ago when it led the container shipping pack in introducing a huge general rate increase (GRI) to force rates up, announced a raft of ambitious peak season surcharges (PSS – although quite what the difference between a peak season surcharge and a general rate increase is, ...
Comment on this article
Julian Potter
May 21, 2013 at 11:13 amWe have been told by two independent, good sources that these increases will not come into effect, and prices will continue to go down further. The higher the proposed rate of increase, the more unlikely it is to happen.