The reinstatement of the military regime in Fiji after
a court of appeal ruled it illegal will have a negative impact on trade and shipping.
Further to this the recent 20% devaluation of the Fijian currency will have a
negative impact on Fijian imports – making them more expensive which ultimately
will hurt the all important Fijian export market.
To date rates remain unchanged however shipping lines
have alerted that they are “closely monitoring: the situation. The next few
weeks / months will be of interest for this trade lane.
Stellar International recommends clients to confirm
rates prior shipping to or from this destination for the foreseeable future.