Freight Rates Rise in Nicaragua

Most shipping companies have agreed to pay carriers between $1.26 and $1.29 per kilometre as a re-adjustment.

Monday, May 14, 2012

After nearly a week of strikes, 10 of the 15 shipping companies operating in the country agreed to concede to the demands of freight carriers, and they will pay an adjustment per kilometre of between $1.26 and $1.29.

"(Regarding) those (shipping companies) who did not negotiate, we have agreed with the industry not to provide them with the services of our units," said Marvin Altamirano, president of the Shipping Association of Nicaragua (ATN), according to Laprensa.com.ni.

Representatives of the two sectors also agreed that depending on the behavior of the cost of diesel in the coming months, they may meet in order to review those costs.

Although the damage has yet to be quantified, the strike caused delays to the textile industry zones and exporters of agricultural products.



More on this topic

Shipping Rates More Expensive

May 2012

The high price of bunker fuel is requiring carriers to update their tariffs, increasing the costs for exporting and importing, affecting international trade.

The cost of sending goods from, say, Costa Rica to the United States has risen significantly due to increased bunker fuel prices, the price of which was quoted at the beginning of the week at $600 a barrel.

Rates for Land Freight

February 2012

A payment of $1.24 per kilometer for cargo transported from the port to its final destination has been approved in Honduras.

An agreement on benchmark rates for land freight transport has been signed by the carriers, chambers of commerce and contract maquila companies.

The agreement establishes a benchmark rate on direct routes of $1.24 per kilometer.

Transport Companies Complain Over Nicaraguan Tolls

April 2010

Central American cargo companies want Nicaragua to stop charging a 20% toll over the price of each transportation service.

In order to achieve this, delegates from the Central American Chamber of Transport Companies (Catransca), met with representatives of the Nicaraguan Transportation Ministry.

Cargo Transportation Fees Up 20% in El Salvador

April 2010

The Salvadoran Association of Cargo Transportation Companies announced they will increase fees by 20%.

Nelson Vanegas, president of the Association (known as Asetca), explained the increase as a result of higher fuel prices. Asteca gathers over 60 of all cargo transportation companies in the country.