IMDO Shipping Review: Asia-Europe Rates Rise,Bulk Prospects Upbeat, Shipping Airs EU Concerns and more

8th January 2014

#Ports&Shipping –The first IMDO Weekly Shipping Market Review for 2014 includes the following stories as detailed below.

Container Market: Asia-Europe rates increase as GRIs take effect. Freight rates on the front haul Asia-Europe container shipping route reached a 17-month high last week, as reported by Lloyd's List. The SCFI index for Shanghai to Northern Europe recorded a 16.8% increase across the week, closing at $1,765.

Bulk Markets: Prospects for 2014 - An improved balance between supply and demand in the shipping industry will result in better overall freight rates in the coming 12 months, according to forecasts made by RHB Research.

Regulation: Shippers air EU emission regulation concerns-The World Shipping Council has spoken out against EU proposals for monitoring and reporting on ships' carbon dioxide (CO2) emissions.

For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 1). In addition to Afloat.ie's dedicated Ports & Shipping News section.

Published in Ports & Shipping

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About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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