Shippers council to set up observer group to monitor shipping line performance amid continuing export sea freight capacity crisis
The new shipping alliances launched on the 1st April 2017, heralding significant changes and prompting many questions: With no competition on the main Asia Europe routes, will the lines push prices up; or with more sailings and new vessels joining, will congestion end and prices come down?
If it’s not been caused by blanked sailing and it’s not a sign if changing trading pattern what has caused the unprecedented Eastbound and Westbound vessel congestion and more importantly when will it end??
European Union regulators are getting ready to fine airlines $850 million for operating a cargo cartel that had been rejected by an EU appeal court. And the Airlines’ failure to reach a settlement could cause cost them more.
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In a controversial move the Indian government have implemented a ruling which makes UK exporters selling on a freight-paid basis liable for a domestic tax that the shipping lines are collecting directly from the shippers.
Having already endured increasing rates and the biggest peak season for eight years, shippers are now facing unprecedented space challenges.
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