Financial Daily from THE HINDU group of publications
Tuesday, Oct 04, 2005
Financial Daily from THE HINDU group of publications Tuesday, Oct 04, 2005 |
|
|
|
|
|
|
|
Logistics
-
Shipping Member lines hike freight rates on East-bound trade Our Bureau
Kolkata , Oct. 3 THE member lines of the India /Pakistan /Bangladesh/ Ceylon / UK/Continent Conference have hiked East-bound freight rates by $150 per TEU (twenty-foot equivalent unit) and $250 per FEU (forty-foot equivalent unit) as part of rate restoration initiative of the business plan for the current year. With this, the shipments from Europe to India, Pakistan, Bangladesh and Sri Lanka become costlier. The freight increase, which became effective from October 1, is to remain in force till February 28, 2006, according to informed sources. The conference members justify the freight hike by citing cost increases caused not only by the rise in charter rates but also delays and congestion in various ports, the sources added.
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
|