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https://www.freightwaves.com/news/daily-infographic-surcharge-surge
Based on Drewry...
https://mfame.guru/container-shipping-costs-tumble-amid-increasing-service-level-fiasco/
Shipping is in doldrums not only because of the coronavirus effect but also because of the carriers’ inability to deal with 2020 rising costs, reports LoadStar’s Mike Wackett.
Unable To Pass On CostNotwithstanding the significant impact to the bottom line of ocean carriers from the coronavirus outbreak, it is also becoming increasingly apparent that they have failed to pass on all of the extra cost of IMO 2020 cleaner fuel legislation to their customers.
Fault in Surcharges MechanismAccording to...
The cost of chartering a liquefied natural gas vessel on the short-term market has jumped the most since at least 2013, says an article published in Transport Topics News.
The Rate Situation NowThe day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand. That comes on top of other factors limiting the number of ships...
http://mfame.guru/lng-vessels-drop-out-resulting-in-soaring-shipping-costs/
The Philippine Inter-island Shipping Association (PISA) said the port infrastructure and government regulatory fees have great impact on high shipping costs.
PISA President Christopher Pastrana said that the high cost of public transport in the country is due to the high cost of doing business.
“In most cases, shipping cost is only part of the whole chain which includes trucking, and other means used to bring products to market,” Pastrana said.
He said the high cost of operation plus higher taxes...