New price hikes may slow ocean spot rate slide – but for how long?
Container spot freight rate indices showed some divergence this week, indicating that recent falls in ...
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Maersk Line’s announcement yesterday that it intends to raise reefer rates across the board by $1,500 per feu – or $750 per teu – on 1 January next year provoked a wide range of emotions from shippers, forwarders and other carriers, with predictions that other lines would follow suit.
In a keynote speech to the Cool Logistics conference in Antwerp, Maersk Line chief executive Søren Skou, flanked by a platoon of Maersk executives, told delegates that the hike represented a 30% ...
Comment on this article
Michael Capezza
September 28, 2012 at 4:23 pmThere is little doubt that there are glaring pricing imbalances in the global reefer trades that need to be re-balanced in order for the carriers to operate profitably.
Andrew Moore
October 22, 2012 at 8:52 pmIt is somewhat ironic that Maersk, perennial dropper of ocean freights to secure market shares, now sees itself in this position. They, along with the other lines, to a large extent have helped cause this “unhealthy” reefer market.