We were just now informed that Hamburg Sued intends to increase the rates to South America West Coast as of July 1st, 2014. The announced numbers are: EUR 150/20’ equipment EUR 300/40’ equipment We will keep you informed.

China’s 24 hour Advance Manifest Regulation Update- Shanghai Shanghai Customs  advised that the advance manifest submission will be mandatory for all China import cargoes that are discharged or transshipped at Shanghai port with effect from 3rd June 2014, thereafter Do Not Load (DNL) and Do Not Unload (DNU) messages may be issued at the discretion [...]

It has become a standard procedure in this trade to constantly announce GRIs, some of which really happen, just to finally talk the rates down again over the weeks thereafter. Following this tradition, we just got another GRI announcement for July 1st! Let us see, how far the rates will be talked down up to [...]