Two major shipping lines have announced peak season surcharges on cargo moving from the Far East, after delaying the scheduled imposition due to an overcapacity and soft freight rates.
Geneva-based Mediterranean Shipping Co. (MSC) said it will implement a peak season surcharge on cargo moving from Southeast Asia to Australia effective September 10, 2011.
The MSC said a $300 surcharge per 20-foot equivalent unit (TEU) will be levied on the Capricorn Service from Southeast Asia covering Malaysia, Singapore, Indonesia, Vietnam, and Thailand to Australia.
Meanwhile, Israel-based Zim Integrated Shipping Services plans to impose a peak season surcharge of $150 per TEU from August 15 in the Asia-North Europe and Asia-West Mediterranean (Tyrrhenian and Adriatic) trades.
