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
Add BT as a preferred source
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
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Soon Su Lin to step down as Frasers Property Singapore CEO; Tan Wee Hsien named successor
