OOCL will slap a US$200 per TEU increase on containers from North Europe to Asia from February 15 and warned of further rises in surcharges to cover higher fuel costs and forex fluctuations
Exporters and importers face higher shipping costs as loss-making and financially troubled shipping lines raise freight rates on key trade routes to Europe, the Mediterranean and South Asia in the next few months.
CSCL, Cosco forge closer ties
Merger speculation as state-owned carriers swap staff and cooperate on routes
China’s top two carriers, China Shipping Container Lines (CSCL) and China Ocean Shipping (Group) Co (Cosco), are forging a closer relationship, fuelling talk of a possible
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