Maersk Hikes Latin America Freight Rate 30%

Newsroom Panama
Monday, May 21, 2012
Photo courtesy of Maersk

Container ship operators, Maersk Line, is increasing shipping charges on Latin America routes by 30%

According to 'Newsroom Panama' the increase, announced May 17,  is ascribed to high fuel costs, the price of steel, ports, and containers.

In the last five years oil prices have increased by 250%, while Maersk Line rates have dropped over 10% in Latin America compared to its competition, said Robbert Jan van Trooijen, manager of Maersk Line for Latin America.

Although Maersk is one of the main users of the [Panama] Canal, ports and railways, the impact of rising rates will affect  Panamanian exporters who send their products abroad by container.

"The consequence of this increase will be a decrease in the competitiveness of our products in the international market," said the president of the Panamanian Association of Exporters, Juan Planells. "The exports of goods in Panama is very small and anything that affects transportation costs affect the trade balance".



 

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Haiti’s Port Lafito Officially Opens

GB Group inaugurated their Port Lafito, a world-class modern container port in Haiti. They informed that the port is now open and operational. Port Lafito

Release After Seizure - Fincantieri Shipyard

Fincantieri announced today that the Prosecutor's Office of Gorizia has ordered the release of the areas in Monfalcone shipyard subject to seizure on 29 June.

Port of New Orleans Goes Green

Green Marine, a North American environmental certification program for the marine, port and terminal industry, officially recognized the Port of New Orleans recently as a certified Green Port.

Container Ships

APL’s Schedule Reliability Scales Up

APL was the most reliable carrier with a global on-time performance of 85.5% in May 2015, according to the latest Global Liner Performance Report by SeaIntel Maritime Analysis.

Haiti’s Port Lafito Officially Opens

GB Group inaugurated their Port Lafito, a world-class modern container port in Haiti. They informed that the port is now open and operational. Port Lafito

Navis N4 TOS Open in Liverpool Terminal

Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment program to transform the port into Europe’s

Logistics

Impact of Financial Crisis on Greek Shipping

Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.

Navis N4 TOS Open in Liverpool Terminal

Peel Ports, owners and operators of the Port of Liverpool, has achieved a major milestone in its multi-million investment program to transform the port into Europe’s

K&L Gates Welcomes Martinko

The Washington D.C., office of global law firm K&L Gates LLP has welcomed Stephen Martinko as a government affairs counselor in the public policy and law practice.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2966 sec (3 req/sec)