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Maersk ship Freight rates in the container shipping industry are recovering gradually and are likely to reach break-even levels by the first quarter of next year, an executive at Denmark’s Maersk Line said on Monday. … Vincent Clerc, vice-president for Maersk Line’s European business, told Reuters: “We are probably talking about four to five [...]  Early signs suggest that the global shipping downturn has hit bottom as freight rates recover to near break-even levels, but it could be years before the industry returns to pre-recession levels. … Demand and prices in container shipping collapsed last year with prices on some routes dropping to zero as shippers asked exporters to pay [...] Trade and transportation organizations are applauding the settlement between the Port of Long Beach and the American Trucking Associations of a lawsuit involving the port’s clean-truck program. Environmental interests, meanwhile, criticized Long Beach for failing to stick with the Port of Los Angeles in attempting to preserve the concession requirements in the ports’ clean-truck programs. [...] In this excellent video produced by the Maritime Union of Australia, dock workers from around the world support the Dublin Dockers. Their employer, Marine Terminals Limited, forced lay-offs on a quarter of the workforce and slashed wages by more than 200 Euros ($299 U.S. dollars) a week. ILWU International President Bob McEllrath is among the [...] Hyundai Merchant Marine will increase freight rates for the trade moving on its services from China to India and Pakistan. … The South Korean carrier said the rate increase is necessary to provide reliable services to customers. In related news, Zim Integrated Shipping Services will seek a rate hike on the westbound trades from Asia/Indian [...] |
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