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- SCFI: Asia-Mediterranean Rates Dip Post GRI
Asia-Mediterranean spot freight rates measured by the Shanghai Containerized Freight Index gave back $20 in the week ending June 14, after gaining $462 from a June 1 general rate increase. UASC, CSCL and Maersk planned to increase rates by $500 to $750 per 20-foot container, while Cosco and MSC sought to put into effect peak-season surcharges of $300 and $700, respectively.
June 14, 2013 - Journal of Commerce Online - Bigger Ships Trigger South America Rate Collapse
Ocean carrier efforts to shed surplus 8,000 20-foot-equivalent unit ships by dumping them in the Asia-east coast South America trade have triggered a collapse in freight rates , according to industry analyst Drewry.
June 10, 2013 - Journal of Commerce Online