By Pacific International Lines To complement its existing service to India's West Coast, Pacific International Lines (PIL) has announced the launch of a new weekly direct service connecting South China and North Vietnam to India’s West … [Read more...]
Freight rates have increased because of supply / demand and port congestion
Current freight rates are adequately explained by market dynamics. Arguments to the contrary, and calls for a maritime regulator, are fatally flawed. It’s no secret that freight costs have gone up and in some cases, on some trade lanes, freight … [Read more...]
Ship operating costs up 773%, demand up, supply up, congestion up, shipper propaganda up
Current market conditions are caused by a huge surge in the demand for container transport. On the supply side, box port congestion and poor container port performance are reducing the supply of shipping. The costs to operate a ship are … [Read more...]
Freight rates are high because of normal free-market activity; Shipping Australia welcomes ACCC probe
Shipping Australia notes that the Australian Competition and Consumer Commission will be investigating the current shipping environment. "We welcome the investigation as it will show that the current issues are caused by normal market mechanisms … [Read more...]
Shipping Australia urges Premier McGowan to protect Fremantle Ports from film studio
Shipping Australia has called upon Premier McGowan to protect Fremantle Ports, a vitally important institution for the continued economic well-being of Western Australians, from inappropriate development proposals. We have become concerned about … [Read more...]