Shipping market in crisis
Shipping is at an all-time low globally because of the oversupply of ships compared to the amount of products being exported.
Monday, December 1, 2008
You can find "sales" not only at the main stores globally due to the Christmas season, but also because of shipping prices. Less than two weeks ago, for example, the Cargill logistics company rented a Capemax type ship from the Japanese Mitsui OSK Lines company on a round trip via the Cape of Horns at the incredible price of $1000 per day. This same route used to cost between $1864 and $2000 less than a month ago.
The dynamism that has reappeared in exports of marine products is marked by a 88% increase in the sales of shrimp.
Shipping companies are preparing to increase by between 10% and 12% the rates for maritime transport from Guatemala to the United States.
The Peruvian Embassy in Panama expressed interest in starting negotiations for an FTA in 2010.
The rise in logistics costs has a higher impact on businesses who export fresh produce.
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