How much? Freight rates double

6th March 2012 | 0 Comments
 
How much? Freight rates double

The world’s largest shipping company, Maersk, has just announced that its container line made a loss of US$537 million last year and is unlikely to turn a profit in 2012. The vast majority of its competitors have posted similar losses and it seems like they have now decreed that enough is enough and across the board rate increases have been announced. And we’re not talking single percentage point increases. Rather rates are said to be almost doubling their previous levels.

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Category: Company News, International News, News

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