QI - 2008 Ocean Freight Rates

Whilst not all shipping lines have confirmed rates for the start of 2008 indications so far are that China rates will hold due to strong competition, with any transhipments via Singapore,Taiwan or Port Kelang increasing US$100 per FEU.  However already the General Rate Increase (GRI) is being eroded with some lines waiting until February and others March or even April subject to forward bookings, loading and destination ports.

Relief from congestion in Fremantle and Brisbane ports remains an infrasture investment shortcoming which in Fremantle has been political for some time which is only costing exporters with no change in sight to accommodate increasing grain, minerals and waste paper exports.