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A surge in
the cargo traveling from Southeast Asia to the Middle
East has caused shipping lines calling upon Dubai Ports
to announce a rate restoration programme starting from
June 1.
As
these routes were not included in the rate increases
that affected Japan and the Gulf earlier in the year,
the move came as a surprise to shippers with the
decision being made only in April.
According
to the new decision the member line of the Informal Rate
Agreement covering trades from the Far East to
destinations in the Middle East have hiked rates by US$
100 for all equipment types from North Asia origins
including Korea, China, Hong Kong and Taiwan. Rates have
leapt $50 from all other Far Eastern origins including
Singapore, Malaysia, Thailand and Indonesia. Currently
the rates on this route stand at $5550 per TEU
and $ 1,000 per FEU.
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