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Fiji Regime – will affect shipping

by Admin 4. May 2009 16:21

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.

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