PREVALENT DEPRECIATE ON RATES

1. Korea: it begins to be lack of cargo. The rates are going down.
2. South East Asia: rates fell but the weight limitation is very strict. Seldom carriers accept cargo above 20 tons.
3. Europe: the rates keep falling every week. Cargo exceed 18 tons will be charged OWS.
4. Red Sea: rates war is still dominating the market.
5. PIL offered very low rates for the voyage on 10th Mar. to Africa.
6. MSC launched service to USA. Their rates are lower than the market level.