China Shipping Container Lines levies US$400/FEU surcharge because of box shortage
China Shipping Container Lines (CSCL) will levy an "emergency equipment surcharge" of US$400 per FEU from July 1 on transpacific cargo because of the global shortage of containers, said CSCL deputy general manager Zhao Hongzhou after shareholders meeting in Shanghai, reports Bloomberg.
"The demand recovery has led to a shortage of boxes," Mr Zhao said. The surcharge will help the company address the shortfall before shipments are disrupted, he said.
This follows CSCL's $400 per FEU peak season transpacific surcharge introduced on June 1.
Maersk, the world's largest container line, has forecast an "unprecedented" shortage of boxes because of a surge in demand in the current economic upturn following a worldwide cutback and capacity as shipping lines pared back container orders in the downturn.
Maersk has increased orders for new containers and has re-activated laid-up ships to move empties to Asia.
"The demand recovery has led to a shortage of boxes," Mr Zhao said. The surcharge will help the company address the shortfall before shipments are disrupted, he said.
This follows CSCL's $400 per FEU peak season transpacific surcharge introduced on June 1.
Maersk, the world's largest container line, has forecast an "unprecedented" shortage of boxes because of a surge in demand in the current economic upturn following a worldwide cutback and capacity as shipping lines pared back container orders in the downturn.
Maersk has increased orders for new containers and has re-activated laid-up ships to move empties to Asia.