Peak Season Surcharge for Shipping has been deferred.

September 2, 2010 Edward

Previously we noted that the shipping lines were planning to introduce a peak season surcharge of USD 300.00 per 20’FCL and USD 600.00 per 40’FCL from the beginning of September.

We have been advised that they have deferred that decision and this has now been put on hold indefinitely.

Advice has been received concerning an introduction of a GRI (general rate increase) on the 15/09 of USD 250.00 per TEU but there is now a possibility that this may also get pushed back, we will wait and see what the market does.