Shipping Rates More Expensive

The high price of bunker fuel is requiring carriers to update their tariffs, increasing the costs for exporting and importing, affecting international trade.

Wednesday, May 23, 2012

The cost of sending goods from, say, Costa Rica to the United States has risen significantly due to increased bunker fuel prices, the price of which was quoted at the beginning of the week at $600 a barrel. This rise has meant that sending a 40-foot container with a refrigerated load from Costa Rica to Miami increased by 24.1% from February 2010 to February 2012.

"One of the companies which increased their rates is Maersk, which is responsible for the transport of 20% of goods entering and leaving the country, according the company. David Benavides, sales executive of the firm, said that on May 15 Maersk raised the price for a 20 foot container by $500 and by $1,000 for those of 40 foot, and is preparing further changes as of 15 June. The latter would be the fourth increase in the transnational has made in the course of 2012," reported Nacion.com.

APL, another shipping company with a market share level of 10%, applied this year three adjustments to their rates between $400 and $800, confirmed its general manager, Tony Souto.

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More on this topic

Freight Rates Rise in Nicaragua

May 2012

Most shipping companies have agreed to pay carriers between $1.26 and $1.29 per kilometre as a re-adjustment.

After nearly a week of strikes, 10 of the 15 shipping companies operating in the country agreed to concede to the demands of freight carriers, and they will pay an adjustment per kilometre of between $1.26 and $1.29.

Local Cargo Transport increases 50% in Panama

November 2008

Even though the price of fuel has gone down in the last few month, the cost of internal shipping by container in Panama has gone up.

Yasmina De Hoyos, a customs agent, said that the cargo transporters used to charge between $220 and $250 to transport a container from any port in colon to Panama, but for a few months now they have been charging $350.

Panama transporters hike container costs

June 2008

Container transporters in Panama's Atlantic ports are to raise their tariffs to offset higher fuel costs, Panama's Transport Coordinator announced.

Oscar Grenald, the organization's president, said that it would in future cost US$375 to move a 20-40 feet container between the coast and Panama City, a 50 percent increase. Transportation to and from the Colón Free Zone will cost 18 percent more.

Freight Rates Up 30%

April 2012

The Salvadoran Association of International Cargo Transport has announced that from next week there will be an adjustment in freight prices.

Raul Alfaro, president of the Salvadoran Association of International Cargo Carriers (ASTIC), said that what carriers want is an adjustment of freight prices, which they have avoided for a long time despite increases in the price of diesel.

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