India-Gulf container rates plunge as capacity returns and cargo backlogs ease
Container shipping rates from India to the Persian Gulf have significantly softened from the peaks ...
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By Alex Lennane
Yesterday, we reported that shippers have called for faster and more reliable deepsea services – and for that they would be prepared to pay a premium. But The Loadstar also noted that Maersk had nevertheless dropped its Daily Maersk premium service. This article goes into more detail – the line admitted that there were insufficient numbers of customers willing to pay the premium, while there was considerable extra cost in laying on a service with 95% on-time delivery. Shippers have not been putting their money where their mouth is.
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