PREVALENT DEPRECIATE ON EUROPE AND MIDDLE EAST

1. The rates for Europe Base Ports and Middle East lanes are falling to secure more cargo.
2. The market rates are in chaos. Some forwarders are securing cargo with fake low rates.
3. NORASIA will launch a new service to South America from 19th Mar. It will directly call Santos, Paranagua and Itajai.
4. BAF and CAF will be adjusted in this Apr. CAF: 15%, BAF: USD465/930 per 20‘/40‘for UK, Baltic Sea and Scandinavian Pen., BAF: USD456/912 per 20‘/40‘ for Mediterraneans and Black Sea.