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You are here: Home → Archive → 2009 → July → Weekly Edition 23rd of July 2009 → NOL reports further box rate declines

NOL reports further box rate declines

by Janet Porter, London — last modified Jul 23, 2009 05:37 PM

HOPES that freight rates for containerised cargo had stabilised appear to have been dashed after Neptune Orient Lines disclosed another considerable lurch downwards.

That news coincided with an announcement from French line CMA CGM that it was pressing ahead with a peak season surcharge of US$150 per teu for Asia-Europe cargo on August 1 “in view of strong market conditions”.
CMA CGM...

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