News / Shipping lines attempt another rate increase as Q1 losses continue

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First quarter losses for the container shipping industry have continued to pour in after Israeli line Zim and Chilean carrier CSAV both reported first quarter results that were in the red, albeit at lower levels than last year.

Both issued results at the same time as larger carriers in the Asia-Europe trade began to announce a set of new freight rate increases in a bid to stem further losses, with 1 July the watershed date.

Mediterranean Shipping Co said it was looking ...