ZIM announced that it would impose a peak season surcharge of US$225 per TEU from December 26, despite complaints by container carriers over the lack of a peak season this yearCargonews Asia reports. The surcharge will apply to westbound cargo from Asia and Indian sub-continent to North Europe, West Mediterranean and Adriatic destinations.
“This update is necessary in order to maintain our current levels of service and high reliability,” the carrier said in a brief statement.
Carriers on the Asia-Europe and transpacific trade have been shocked at the rapidly slowing exports from Asia. Slowing orders from retailers in the US and Europe dashed hopes of a late season surge and the carriers have been cutting services and idling vessels in an attempt to withdraw capacity and improve rates.
“This update is necessary in order to maintain our current levels of service and high reliability,” the carrier said in a brief statement.
Carriers on the Asia-Europe and transpacific trade have been shocked at the rapidly slowing exports from Asia. Slowing orders from retailers in the US and Europe dashed hopes of a late season surge and the carriers have been cutting services and idling vessels in an attempt to withdraw capacity and improve rates.