Drewry: Shipowners' hopes for rate hike dwindling

Shipping companies on Asia-Europe have only a few options left in their efforts to increase the rates by the end of 2013. Customers have rejected the carriers' latest attempt at increasing the rates on September 1st, according to Drewry.
BY OLE ANDERSEN

The container carriers' hopes of achieving significant rate increases before the end of 2013 seem to dwindle in spite of the traditional peak seasons. According to Martin Dixon, research manager at analysts Drewry, the national holiday season in China, which begins in late September, will probably only lead to a modest increase in demand, a development that leaves the carriers with only a few options for the rest of the year, he says.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading