Far East/Middle East carriers add peak season surcharge

Far East/Middle East carriers add peak season surcharge

Far East/Middle East carriers add peak season surcharge

   Shipping lines of the “Informal Rate Agreement,” a carrier group in the Far East/Middle East container trade, said they plan to add a peak season surcharge of $150 per 20-foot box and $300 per 40-footer, effective Aug. 22.

   “This surcharge is to be applied on top of ongoing market rates, and will apply for all equipment types to the Middle East,” the carrier group said.

   The scope of export areas for which the rate increase will apply includes Korea, mainland China, Hong Kong, Taiwan, the Philippines, Vietnam, Thailand, Malaysia, Singapore and Indonesia.

   Carriers of the Informal Rate Agreement are APL, CMA CGM and subsidiary ANL, COSCO Container Lines, Evergreen, Hapag-Lloyd, Hyundai Merchant Marine, Islamic Republic of Iran Shipping Line, Maersk Sealand, MOL, NYK, Norasia Container Lines, Orient Overseas Container Line, P&O Nedlloyd, Pacific International Lines, Senator Lines, Tokyo Senpaku Kaisha, United Arab Shipping Co., Wan Hai and Yang Ming.