Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Alex Lennane
The quality carriers are fighting back, following the news that Emirates is to raise prices.
Cathay Pacific Cargo has implemented a new fuel surcharge adjustment structure, effective September 1.
In a note to customers seen by The Loadstar, Cathay’s Hong Kong office noted yesterday: “Since the suspension of the cargo fuel surcharge in the Hong Kong market from April 1, fuel prices have risen considerably and remain the largest and most unpredictable variable cost item for our operations.
“As of 15 July, the Brent ...
Comment on this article
John
July 19, 2016 at 1:33 pmFuel for carriers in HKG is controlled by the HKG CAD. That index is zero. This isn’t a disguise fuel surcharge by CX as it clearly refers to Brent Crude prices. Wake up HKG CAD and stop this. The market will be what the market will be so if increases are justified then put the price up. if not then don’t hide behind this surcharge which I have to believe will be stopped anyway by the CAD
Alex Lennane
September 07, 2016 at 3:44 pmWe’ve heard form the Hong Kong Civil Aviation Department that on 12 August 2016, Cathay Pacific announced its decision to suspend the proposed AFA.