Atlantic Container Rates To Soar

Monday, October 11, 1999
Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said. Eastbound rates from Atlantic and Gulf ports would rise by $160 per 20 ft container and $200 for the larger units, and by $240 and $300 from Pacific ports. The increases reflected a continuing inadequate return on capital deployed in providing Atlantic shipping services, the carriers said. TACA comprises Atlantic Container Line AB (ACL), Hapag-Lloyd Container Line GmbH, Mediterranean Shipping Co. SA, A.P.Moeller-Maersk Line, Nippon Yusen Kaisha, Orient Overseas Container Line (U.K.) Ltd., P&O Nedlloyd Ltd. and Sea-Land Service Inc.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Baltic Dry Bulk Index Dips on Weak Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued to dip on Wednesday due to sluggish demand across vessel segments.

Two ODCs Loaded at Hamburg Port

On 25 April, two Over-Dimensional-Cargos (ODC) tanks manufactured by Chart Ferox were loaded by Wallmann & Co., the long-established Hamburg company specializing in handling heavy lift cargoes.

BIMCO: Dry Bulk Recovery Will be a Multi-Year Effort

In an exclusive interview with “Akti Miaouli” newspaper, BIMCO Chief Shipping Analyst, Peter Sand, provides insight into the markets for dry bulkers, tankers and

 
 
Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.0667 sec (15 req/sec)