Maersk, Hapag-Lloyd, Japan’s Ocean Network slapping on fuel surcharge for road transport
Inland part of intermodal freight covers all transport over land using modes such as trucks, and is typically bundled with ocean freight
THREE of the top 10 shipping lines are implementing a fuel surcharge for their land transportation services amid rising fuel prices, driven by the effective blockage of a key passage near Iran as the country retaliates against attacks from the United States and Israel.
This is on top of an emergency fuel surcharge that was announced after crude oil prices rocketed on concerns of a supply shortage from the Middle East.
A check of these players’ websites showed that Danish integrated logistics company Maersk, German shipping line Hapag-Lloyd and Japanese container shipping firm Ocean Network Express (ONE) have already applied, or will be imposing, a surcharge for inland transport services.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully