Independent journal on economy and transport policy
07:06 GMT+1
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UNCTAD envisages an increase in tariffs for transport services
Upward pressure on prices - warns a preliminary analysis of the effect of the conflict in Ukraine - could soon prevail
March 17, 2022
About the effects of the war crisis on service tariffs of transport, the analysis recalls that in 2021 on railway lines connecting China to Europe have been shipped 1.5 million containers and points out that if these volumes transported by rail you add to the demand for Asia-Europe maritime transport this would mean an increase of between +5% and +8% in volumes on a trade route that is already congested. "We one can expect - notes the analysis - that the impact of the War in Ukraine leads to even more transport tariffs High. However - the document specifies - it should be noted that so far the global tariffs for container transport do not seem to be increased, but rather continued their more recent downward trend compared to the previous ones record. This - specifies the analysis of UNCTAD - is more related to a global trend of easing lockdowns for the pandemic and the phasing out of stimulus programmes to the economy, in the face of a slow alleviation of congestion in some port areas of the world. However - still clarifies the report - all things considered the upward pressure on prices it could soon prevail."
UNCTAD's preliminary analysis explains, at least in part, a of the components of the rapid upward trend in the prices of fuels, the increase in prices in Italy the Minister of Transition ecological, Roberto Cingolani, called it "unjustified" signaling - to the amazement of several observers - the danger of "a colossal scam".
"This change - notes the analysis - is already been found in relation to tankers more small, which are essential for regional oil trade of the Black Sea and the Baltic Sea. The rates of the Aframax tankers and Suezmax in the Black Sea-Mediterranean have gone from about 10,000 dollars per day on February 18, 2022 at over $170,000 per day day 25 February 2022. The resulting transport costs are increased by about 400%. In mid-March 2022 the freight rates of the tankers in the region have remained stable, with some declines for some but not in all segments of tanker ships."
"These increases in transport tariffs - he continues analysis - can have significant impacts on the economy. UNCTAD assessed that during the pandemic the increase in tariffs container transport has increased consumer prices global by 1.5%, with particularly significant effects on vulnerable economies, such as small island states in the process of development, landlocked developing countries and less developed'.
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