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Asia-Europe rates double

CONTAINER carriers have more than doubled rates on the Asia to northern Europe trade and successfully increased prices on other trades as a result of July’s general increases.

The latest figures from the Shanghai Containerised Freight Index show that the all-in spot rate for moving a box from Asia to Europe increased 174%, or $895, week on week to $1,409 per teu.

It is the highest level that rates on the trade lane have been since mid-March, when carriers last successfully implemented a general rate increase.

However, it lags behind last year’s level for the end of June, when prices from Asia to Europe reached almost $1,900 per teu.

Also, Rotterdam HS380 bunker prices are currently slightly higher than they were this time last year.

The increase is in line with the July 1 price hikes of $775-$1,000 that the carriers were chasing.

Shipping lines also had success on other trade lanes. On services from Asia to the US west coast, prices increased by $269 compared with last week to reach $2,114 per feu.

To the east coast, they increased $377 to $3,361 per feu. However, this increase falls short of the Transpacific Stabilization Agreement recommended rate increase of $400 per feu on services to the west coast and $600 per feu on services to other locations.

The rates are also lower than the figures recorded at the same point last year, when prices to the west coast stood at $2,571 per feu and prices to the east coast were at $3,762.

On services from Asia to Mediterranean, all-in spot rates increased $220 week on week to $1,386 per teu.

Carriers had been aiming to increase prices by $400-$1,000 per teu. Last year, prices on this trade lane stood at $1892 per teu.

Attention will now turn to how long carriers can sustain the Asia-north Europe rate increase. The last GRI on the Asia to Europe trade, in March, was wiped out within four weeks.

via: www.lloydsloadinglist.com

Qatar, August 15, 2023QTerminals Group (51% Qatar Ports Management Company Q.C.S.C (Mwani Qatar) and 49% Qatar Navigation Q.P.S.C (Milaha)) has acquired a majority stake in “Kramer Holding B.V.”, a provider of integrated logistics and container services located in the Port of Rotterdam in the Netherlands.

The acquisition of Kramer Group represents an important milestone in the expansion of QTerminals, as the Port of Rotterdam is the largest port in Europe and is a significant addition to QTerminals Group’s record of success in diversifying its operations. In addition, this acquisition further reinforces QTerminals Group’s commitment to contribute towards Qatar National Vision 2030 which aims for the diversification of the national economy and foreign investments.

The CEO of QTerminals, Mr. Neville Bissett, stated: “Kramer Group is an important strategic step for QTerminals as we will expand our presence into Europe’s largest port. Kramer Group complements QTerminals and adds existing business, a robust value-creating service offering and European network to QTerminals portfolio.
Kramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the Port’s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam.
The acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group’s position stronger in relation to future opportunities in Europe and other developed global markets.
The presence of QTerminals in the Port of Rotterdam is strategic and reputable for QTerminals Group in particular and for the State of Qatar in general as QTerminals Group’s profile will become known in the largest European port..

“I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities. Whilst maintaining our culture, organization, core team and our commitment to delivering the superior quality services to our clients in almost all aspects of container logistics”, said André Kramer, CEO of the Kramer Group.
By acquiring Kramer Group, QTerminals will continue to develop its world leading technical and operational know-how to enhance and optimize its potential as one of the leading providers of integrated container logistics services in Europe.

Kramer Group’s development and growth in recent years are indicators of good corporate management and governance of the organization. “Following our assessment of the current organization, we are excited to retain and welcome Kramer’s key management personnel and employees into QTerminals, including Mr André Kramer, who will continue as Chief Executive Officer” said Neville Bissett.

About Kramer Group

The Kramer Group is an integrated container handling and storage, terminal, container development and logistics services provider, located in the Port of Rotterdam, and is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the port.

The Company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.