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Oil Prices and The Shipping Industry Crude oil prices have many affects on our daily life from gas that we use in our daily commute to commodity products that we frequently buy in our neighborhood market. Not many of us were paying much attention to oil prices until 2004, since the average of crude oil was trading between $22 to $26. I...

MSC Follows Maersk to Push Second Asia-Europe Rate Hike | Journal of Commerce Mediterranean Shipping became the second carrier after Maersk Line to announce a second rate hike this year of $400 per 20-foot container on the westbound leg of the Asia-Europe trade. MSC, which plans to charge an extra $750 per 20-foot container from Asia to Europe tomorrow, March 1, will seek to...

Shanghai to Karachi Ocean Freight USD 15/Cbm......