Starting from May 15, rates will be raised on goods transported to the Far East, the Middle East, the Indian subcontinent and the East Coast of South America.
Beginning May 15, the Danish shipping company Maersk Line said its rates for the Far East (excluding Japan), the Middle East and the Sub Indian continent will see an overall increase of $500 per 20-foot container and $1,000 per container measuring 40 feet, 40 feet HC, and 45 feet of dry cargo.
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.
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.
Héctor Fajardo, vice president of the chamber, told Prensalibre.com: “the objective of the meeting is getting Nicaragua to waive these dispositions that affect ground transportation and violate the framework agreement for Central American integration”.
When importing goods, Latin America spends almost twice as much as the United States in transportation costs.
High transportation costs in Latin America and the Caribbean complicate commerce and drag down productivity, in addition to protecting inefficient companies and hampering the expansion of the most competitive producers, showed a new study by the Inter-American Development Bank.
Shipping is at an all-time low globally because of the oversupply of ships compared to the amount of products being exported.
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.