First decline in long-contract container rates since January
The falling spot rates in the container market have made more shippers seek out renegotiations of rates on their long contracts with box carriers. Numbers from Xeneta show that contract rates in September have dived by 1.1 percent.
For the first time since January, container rates on the long contracts that shippers are signing with box carriers have declined for only the third time in the past 21 months, reveal new figures by Xeneta.
CII: IMO’s new climate regulation, CII, is liable to undermine its own intentions, German carrier Oldendorff warns. CII fails to view situation in its entirety, which may lead to an increase in emissions.
CII: Although a new legal clause places the responsibility and bills for poor climate ratings with operators and carriers, this has not altered Seaspan’s negotiations with customers, the major shipowner tells ShippingWatch.