A PHP Error was encountered

Severity: Warning

Message: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone.

Filename: models/background_model.php

Line Number: 55

A PHP Error was encountered

Severity: Warning

Message: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone.

Filename: models/banner_model.php

Line Number: 39

banner 3

A PHP Error was encountered

Severity: Warning

Message: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone.

Filename: models/banner_model.php

Line Number: 39

5

A PHP Error was encountered

Severity: Warning

Message: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone.

Filename: models/banner_model.php

Line Number: 39

1

A PHP Error was encountered

Severity: Warning

Message: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone.

Filename: models/banner_model.php

Line Number: 39

banner2

Container rate erosion continues

After the spot rate index on the route from Shanghai to Rotterdam gained 24% during week 37, it slid by 9% to USD 1,167 per 40 ft last week (38), according to World Container Index (WCI). Blank sailings were unable to halt the rate erosion on the Asia-Europe trade, which is fighting its perennial overcapacity.

 

Even though carriers will attempt another GRI round of USD 500 per teu from 20 September, the analysts at WCI expect this to be a momentary spike as rates are unlikely to hold in the current market conditions.

 

www.worldcontainerindex.com