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Quality will cost, says Maersk Line

Shipping lines are losing their shirts and shippers must expect to pay more if they are to enjoy quality services in the future, was as gist of the message from Maersk Line's new boss on 5 March. Chief executive officer , in his first major announcement to the press since his appointment in January, pointed out that Maersk – probably one of the sector's better financial performers – had generated ... [+]

Box rates surge

The World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, showed a 114% increase in container freight rates in the westbound Asia-Europe corridor in the week beginning 27 February. Carriers in the key Asia-Europe headhaul trade had previously announced general rate increases in the region of ... [+]

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