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International Freight Costs to Stabilise.
Byline: Nareerat Wiriyapong
Jun. 3--International freight charges, currently at record highs, have lately been pushed through the roof by skyrocketing global oil prices. But exporters need not worry about the potential impact this might have on their businesses, since a near-term stabilising trend is on the way, according to the head of the International Ship Managers' Association.
Given the highest level in four decades, Mr Rajaish Bajpaee, ISMA's president, said operators had stepped up efforts to keep costs down in order to capitalise on increasing intra-Asian trade. Meanwhile, every country is working on better utilisation and adopting alternative ...
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Source: HighBeam Research, International Freight Costs to Stabilise.