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".



 


Ports

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

Delaware River Ship Arrivals Continue Gains in 2016

Maritime Exchange for the Delaware River and Bay President Dennis Rochford has announced the tristate port vessel arrival statistics for the first six months of 2016.

Extreme Boat Lifts Installed in the Panama Canal

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity

Container Ships

New Container Equipment Prices to Fall to Record Lows

Cheaper production and material costs as well as weaker demand has driven the price of new container equipment down to record lows and is forecast to fall  further during 2016,

Another Hurdle for The Ocean Alliance

Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties.

26 Hours of Information Recovered from El Faro's VDR

A group led by the U.S. National Transportation Safety Board (NTSB) has gathered information from the recovered voyage data recorder (VDR) of sunken cargo ship

Logistics

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

Another Hurdle for The Ocean Alliance

Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties.

Delaware River Ship Arrivals Continue Gains in 2016

Maritime Exchange for the Delaware River and Bay President Dennis Rochford has announced the tristate port vessel arrival statistics for the first six months of 2016.

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.0804 sec (12 req/sec)