For the first time in years, shippers are declaring that contract rates on the major East-West trades are going up, writes Drewry referring to information from its own forum of shippers, the Benchmarking Club.
BY TOMAS KRISTIANSEN
The customers of the container carriers - the various retail chains and producers - are now declaring that rates, in the contracts they have made with the shipping companies, are increasing.
On Dec. 5, all Russian crude oil will be banned in the EU. But oil from the warring country will still flow into the world market, and both the EU embargo and price cap can be circumvented, predicts sanctions lawyer.