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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, ...

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  • Julian Potter

    May 21, 2013 at 11:13 am

    We 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.