BAD NEWS!! Again the ocean freight is experiencing another increase taking place on the 1st of May. In attached articles from The Journal of Commerce we can see the notice from TSA lines on rate increase during the new contracts negotiations.
Cosco and Hanjin being among the 15 lines in TSA have already agreed to the increase with full confidence of return profit to 2010.
As you are already aware that as of March the increase per container has being close to almost 2,000.00 per container after the increases that took place in Dec., Jan. and Feb.
Some of the increases that TSA has announced that will affect us are as follows:
To East Coast:
20' 800.00 Dry
40' 1000.00 Dry
To West Coast:
20' 640.00 Dry
40' 800.00 Dry
Within this articles also an explanation of why our shipments are taking longer to reach our destinations. This is due to the continuing of “Slow Steaming” which is another of the strategies that the steam ship lines are using in order to increase fuel efficiency and lower emissions.
This is also limiting capacity on board and causing delays to our shipments. The real bed part is that right now we are paying more because of the increases and because of the availability of space but our shipments are taking longer time to arrive. AWFUL!!
Sources URL:
www.joc.com/maritime/more-ocean-carriers-fall-behind-schedule
www.joc.com/maritime/cosco-full-confidence-rate-increase
www.joc.com/maritime/hanjin-expects-return-profit-2010
http://www.apl.com/
by Marina
Logistics Manager
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