'Tariff madness' will prompt renegotiation of ocean shipping contracts
Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and minimum quantity ...
Major container lines have revived the prospect of hefty surcharges on heavy containers shipped from India to the US and Canada, heaping further costs on the country’s exporters.
CMA CGM is the latest carrier to apply the additional levy, announcing a $1,000 per box penalty for all types of overweight shipments moving from the subcontinent to the US east, west and Gulf coasts, and Canada.
The levy applies to shipments weighing over 20 tonnes, which includes the container’s tare weight.
In a customer ...
Comment on this article
Hans-Henrik Nielsen
July 31, 2022 at 8:52 amI am perplexed about the reference to disruptions at the port of Colombo !
Whereas it’s undisputed the Sri Lankan political situation is changing, we have not seen any (or very few) disruptions in terminal operations in Colombo.
We have 3 different services each week in/out of Colombo. The terminals and our local agents (GAC) are doing an excellent job in keeping cargo movements flowing without any disruptions. Our boxes are moving.