Box lines in legal battle with South Korea’s antitrust body over fines
More than 20 liner operators look set for a protracted legal battle with the Korea ...
In contrast to the current problems afflicting ocean carriers plying Asia-Europe – plunging freight rates on the post-conference environment – China’s Ministry of Transport last week fined 21 carriers a total of $700,000 for offering rates to customers at a “lower than normal rate” on China-Japan routes. The companies allegedly “violated market conditions”, while the lower rates “negatively affecting the ocean shipping market average” and the Ministry of Transport “urged the international shipping community to keep the market fair, in order to ensure a stable and healthy development”.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article