No Way

IPBCC or India, Pakistan, Bangladesh, Ceylon Conference, representing 14 shipping lines serving the region has proposed an increase of US$ 300 and US$ 600 on 20 foot and 40 foot containers outward bound from Colombo.

rnrnThe increase is applicable for UK, Continent, Scandinavian and Mediterranean destinations.

rnrnIn a statement issued today, Shippers
quote Council Chairman Ravi Ratnapala said that IPBCC has been clearly informed of the inability of the local export sector to absorb the steep hike given the present state of the economy.

rnrnldblquote However, for good order sake the SLSC committee agreed to grant an increase of US$ 50/20
quote and US$100/40
quote FCL and established a base rate of US$ 500/20
quote and US$ 1000/40
quote , on top of which the increase would be applicable
dblquote , the statement said.

rnrnIPBCC has agreed to respond to this counter offer by today, and since the deadline has elapsed Shippers
quote Council has decided to formally reject the proposed rate increase.