It has taken just three weeks for the rates hikes on the Asia-Europe trade to be wiped out after a further 11.9 per cent plunge last week to US$1,079 per TEU, according to the Shanghai Containerised Freight Index (SCFI).
Fears of overcapacity and slowing demand in the second half of 2012 has led Europe's major container lines to increasing rates to break-even against rising bunker fuel prices on Asia-Europe routes and a slowing European economy, according to the Shipping Gazette.
Global airlines increased airfreight capacity by 1.7 percent, year-over-year, in June, while carrying 0.8 percent more cargo. The International Air Transport Association, which gathered this data, explained in a press release that these numbers reflect the continued weakness of the global airfreight sector.
The German Bundestag (Federal Parliament) has decided to expand the network of toll roads. The fare trucks with a maximum mass of 12 tons or more is introduced, starting from August 1, 2012, on federal roads stretching about 1,000 kilometers, accounting for four lanes, and adjacent to federal highways.
Belarus took the sixth place among major trade partners of Russia according to the last year’s results, stated the Federal Customs Service of the Russian Federation.