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Tag Archives: tumble

Maersk takes a tumble as rates increases by 167% per TEU

maersk1

COPENHAGEN: Rates this week jumped a whopping 167% or $343 to $548 per TEU as carriers were finally able to implement a GRI on the battered Asia-North Europe trade. Despite the increase, rates are still estimated to be below break-even levels and are 50% lower than the corresponding period last year. Year-to-date the figures reflect the weakness in the trade ... Read More »

Maersk takes a tumble as rates increases by 167% per TEU

maersk1

COPENHAGEN: Rates this week jumped a whopping 167% or $343 to $548 per TEU as carriers were finally able to implement a GRI on the battered Asia-North Europe trade. Despite the increase, rates are still estimated to be below break-even levels and are 50% lower than the corresponding period last year. Year-to-date the figures reflect the weakness in the trade ... Read More »

Midday: KSE tumbles a little, still manages 11pts

KSE

KARACHI: In its journey to scaling new heights of its history, the buoyant Karachi Stock Exchange benchmark 100-index tumbled a little and lost most of early gains to come down to 32019.90 points after reaching 32225 points. The KSE, however, managed to hold 11.50 points or 0.40 percent till midday trading on Wednesday. Earlier, trading in the market started on ... Read More »