Prospects of significant rate hikes already in 2019

The controversial bunker surcharges are far from sufficient to cover liner companies' increasing costs, reports Seaintel. The analyst firm expects considerable rate hikes as early as next year.

BY SØREN PICO

Published: 08.10.18 at 08:50

There could be considerable rate hikes in store for shippers next year when they book cargo shipments with the container carriers.

The current freight rates do now reflect the development that has taken place in fuel prices in recent years, according to analyst firm Seaintel. And this is despite the fact that shipping companies across the sector have introduced bunker adjustment factors (BAF), which have been met with criticism from major customers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.