Shippers negotiating new contracts this year face a major rates dilemma as the maritime industry contemplates a return to using the Suez Canal.
When carriers revert to transiting the canal, the reduction in voyage tonne-miles will begin to expose the overcapacity in the market, pushing a significant downward trend in freight rates, especially on Asia-Europe trades.
Shipping analyst Drewry estimates rerouting round the Cape of Good Hope reduced effective capacity by around 9%, «which has helped carriers once again post some very strong quarterly profits in the past 12 months».
The China-Europe freight rail service achieved a remarkable milestone on May 25 by completing its 90,000th journey
Environmental agenda permeates all spheres of human activity, and rail transport is no exception. In an effort to defend its position, railway transport is adapting to changes, where environmental friendliness and sustainable development are increasingly important
