RONG SHANG LOGISTICS

A number of liner companies withdraw from the agreement on AWCSA

March 3rd, (AWCSA) agreement on the Organization of the Asia-west coast of South America announced that, In accordance with the Constitution, Nippon Yusen Kabushiki Kaisha has written agreement of the Organization of the Asia-west coast of South America, told that it would withdraw from the March 31st 2016 agreement on the Organization of the Asia-west coast of South America.The Asia-west coast of South America agreement on the Organization of the foundation agreement has been modified accordingly.Earlier on February 10th, the steamship company of Chile in South America announced its withdrawal from the agreement on the Organization of the Asia-west coast of South America; November 30th last year, Kawasaki Shipping Co., Ltd. Announced its withdrawal from the agreement on the Organization of the Asia-west coast of South America.
The Asia-west coast of South America route involves countries, including Chile, Peru, Ecuador and Colombia.
A major port in the amount of Kaya, Valparaiso and so on.
The volume of the Asia-west coast of South America is currently far short of the scale of the east coast of South America routes, the eastern coast of Brazil, Argentina, South America's two largest economy.
According to the shipping company said, at present the east coast of South America route because of the slowdown in the major economies, such as Brazil's economic development, demand reduction, a serious decline in freight rates; And the freight rates slightly better than the east coast of the west coast of South America, but because of the imbalance of market supply and demand, transport capability surplus, freight is in the doldrums.Source: shipping trade bulletin