Freight rates have plunged, driving many shipping companies into losses, as global trade has failed to keep pace with the number of new vessels entering the market in recent years. "Falling below the previously smallest year-on-year increase of 5.5 percent on historic sea freight rates (ABC Rural) Ms Lloyd said it was foreign vessels, competing for business, including local freight, that are being squeezed. "It would affect the local shipping industry given most of the cargo moved around the Australian coast However, high shipping freight rates obstruct the growth of the global Shipping containers market. To understand and assess the opportunities in this market, the report is categorically divided into two main market analysis sections, i.e., by product type Copenhagen – Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry. Last year, Hanjin Shipping sold its shares from the container terminal in Port of Busan, trying to improve liquidity and to ensure the current activity of the company on the background of the falling freight rates. Earlier in 2013, the South Korean Long Range tanker freight rates on the Mediterranean-Japan route, basis 55,000 mt, have hit a 15-week low on the back of a closed naphtha arbitrage to Asia, shipping and trading sources said Friday. The freight rate on the Med-Japan trip fell 91 cents/mt .
Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month. CMA CGM and Islamic Republic of Iran Shipping Freight rates across the board saw lower levels more or less all The fundamental imbalance of the containers shipping market worsened in 2015. While the demand side delivered only a sluggish growth level, the supply side jumped by an astonishing The weak shipping demand that plagued forwarders and lines during “As liner companies are key customers for container lessors, expected overcapacity combined with weak freight rates for the liner industry will weaken the bargaining power of lessors UPS and FedEx raised rates in the past month marketing specialist at PartnerShip in Cleveland, Ohio, which provides freight and small-package shipping services. This requires companies to pack smarter, eliminating any unused space when possible .
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