AIRLINK 204.91 Increased By ▲ 0.46 (0.22%)
BOP 10.08 Decreased By ▼ -0.01 (-0.1%)
CNERGY 6.98 Increased By ▲ 0.07 (1.01%)
FCCL 35.39 Increased By ▲ 0.56 (1.61%)
FFL 17.43 Increased By ▲ 0.22 (1.28%)
FLYNG 24.54 Increased By ▲ 0.02 (0.08%)
HUBC 139.56 Increased By ▲ 2.16 (1.57%)
HUMNL 13.96 Increased By ▲ 0.14 (1.01%)
KEL 4.90 Decreased By ▼ -0.01 (-0.2%)
KOSM 6.72 Increased By ▲ 0.02 (0.3%)
MLCF 45.95 Increased By ▲ 1.64 (3.7%)
OGDC 223.85 Increased By ▲ 1.94 (0.87%)
PACE 7.18 Increased By ▲ 0.09 (1.27%)
PAEL 43.61 Increased By ▲ 0.64 (1.49%)
PIAHCLA 17.11 Increased By ▲ 0.03 (0.18%)
PIBTL 8.68 Increased By ▲ 0.09 (1.05%)
POWER 9.11 Increased By ▲ 0.09 (1%)
PPL 190.29 Decreased By ▼ -0.31 (-0.16%)
PRL 43.61 Increased By ▲ 0.57 (1.32%)
PTC 25.64 Increased By ▲ 0.60 (2.4%)
SEARL 110.80 Increased By ▲ 4.39 (4.13%)
SILK 1.04 Increased By ▲ 0.02 (1.96%)
SSGC 43.03 Increased By ▲ 0.12 (0.28%)
SYM 18.44 Increased By ▲ 0.13 (0.71%)
TELE 9.15 Increased By ▲ 0.01 (0.11%)
TPLP 13.90 Increased By ▲ 0.79 (6.03%)
TRG 68.86 Increased By ▲ 0.73 (1.07%)
WAVESAPP 10.37 Increased By ▲ 0.13 (1.27%)
WTL 1.89 Increased By ▲ 0.02 (1.07%)
YOUW 4.08 Decreased By ▼ -0.01 (-0.24%)
BR100 12,276 Increased By 139.3 (1.15%)
BR30 37,615 Increased By 469.2 (1.26%)
KSE100 116,183 Increased By 911.1 (0.79%)
KSE30 36,607 Increased By 295.9 (0.81%)

Shipping lines have announced to levy 300 dollars for a 20-foot container and 400 dollars for a 40-foot box as peak season surcharge from June 15.
Sources at shipping carriers, operating between Asia and the US, said on Tuesday that the levy had been decided in view of the cargo rush for the US from June to October from Pakistan, India, Sri Lanka and other Asian countries.
They said the surcharge was a regular annual phenomenon during this part of the year.
The main cargo for the US from Pakistan is textile items, including yarn, cloth, towels and bed sheets. There is not much general cargo on the route from Pakistan.
The lines are also charging fuel surcharge from the shippers at the rate of 135 dollars for a smaller box and 230 dollars for a bigger box. The levy was imposed about six months ago and its level goes up and down with the fluctuations in oil prices in the international market.
Shipping lines had also announced a General Rate Increase (GRI) in May for cargo to the US, but it had not been fully implemented due to the competition amongst lines.
This is the second increase in freight by the shipping lines in just 15 days.
A GRI was announced on June 1 for cargo, destined for Europe, at the rate of 300 dollars and 500 dollars for small and big boxes respectively.

Copyright Business Recorder, 2004

Comments

Comments are closed.