Financial Daily from THE HINDU group of publications
Tuesday, Mar 29, 2005
Financial Daily from THE HINDU group of publications Tuesday, Mar 29, 2005 |
|
|
|
|
|
Logistics
-
Shipping Freight rates set to rise on South Asia, Australia lines Our Bureau
Kolkata , March 28 SHIPMENTS by containers between Australia and India will soon become costlier. This follows the decision of the shipping lines that are members of the South East Asia and South Asia/Australia Trade Facilitation Agreement to implement a freight hike of $300 per TEU by way of rate restoration from April 1. There is a further proposal to effect freight hikes also in July and October but the amount of increase has not yet been specified by the agreement members. Interestingly, the proposed freight hike will not only cover India but also several other countries in the region such as Singapore, Malaysia, Indonesia, Thailand, Vietnam, Sri Lanka, Pakistan and Bangladesh. The agreement's member lines include ANL Singapore, APL, Gold Star Line, Hanjin Shipping, K Line, Maersk Sealand, MISC, MOL, NYK, OOCL, P T Djakarta Lloyd, P&O Nedlloyd, PIL and Regional Container Lines. The Shipping Corporation of India's services to Australia were withdrawn some two decades ago.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|