Shipping and freight rates have gone up for shipments between the Far and the Middle East by 35-40 per cent over the last year, officials said. Shipping lines belonging to the Gulf-based Informal Rate Agreement (IRA) increased rates by $200 (Dh736) per 20-foot-equivalent unit (TEU) as of April 1, said an IRA official. The move comes as part of IRA’s rate-restoration plan.
News
about 21 years ago
Shipping rides wave of high demand
Shipping and freight rates have gone up for shipments between the Far and the Middle East by 35-40 per cent over the last year, officials said. Shipping lines belonging to the Gulf-based Informal Rate Agreement (IRA) increased rates by $200 (Dh736) per 20-foot-equivalent unit (TEU) as of April 1, sa
Reach the Offshore Energy industry in one go!
Offshore Energy is read by thousands of professionals every day.
Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.
Follow Offshore Energy on: