Jan 24, 2011

Charter Rates Rise on Strong Cargo Demand



Container ship charter rates are edging higher as ocean carriers compete for a limited volume of available tonnage to keep pace with strong cargo demand on key trade routes. Carriers are boosting their overall capacity with charter ships even as spot freight rates are drifting lower on the Asia-Europe and trans-Pacific trades, undermining efforts to push through general rate increases that took effect at the beginning of the year.
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Source: Journal of Commerce

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