SCB concerned at freight hike by mainline operators
Wednesday, 11 January 2012
FE Report
Shippers' Council of Bangladesh (SCB), an organisation of exporters, expressed its grave concern Tuesday over the recent hike in freights by leading mainline operators saying this would lead to a surge in prices of food items and capital machinery.
The SCB urged the country's apex trade body FBCCI (Federation of Bangladesh Chambers of Commerce and Industry) to look into the matter considering its adverse impact on the economy.
SCB, a group of around 300 members, mostly exporters, issued a news statement on the day in this connection.
Nasir Uddin Ahmed Chowdhury, acting chairman of the SCB, told the FE: "A number of mainline operators have increased freights without consultation with stakeholders concerned."
Mr. Nasir said: "Industrial raw materials will be costly following the abrupt surge in the fares."
The press statement said: "We're not only concerned, but also very much worried about the state of affairs which are likely to bring extra financial burden in the event of similar steps taken by other shipping lines, especially under uncomfortable financial situation prevailing in the trade."
The SCB statement reads: Hanjin Shipping will introduce 'rate of restoration' (RR) and charge US$ 200 for each 20-foot container for Europe in addition to the existing rate. It will increase the amount to $400 for 40-foot container on the route.
The statement also reads: Hanjin will charge $175 for each 20-foot container and $350 for a 40-foot container for Mediterranean ports. This will on top of the existing rates.
Hanjin's new rate has been in effect since December 23.
SCB said Hanjin had implemented general rate of increment (GRI) from January 1.
It also said APL, a leading US-based mainline operator, would charge $ 08 for each container on account of administration recovery fee.
Shippers' Council of Bangladesh (SCB), an organisation of exporters, expressed its grave concern Tuesday over the recent hike in freights by leading mainline operators saying this would lead to a surge in prices of food items and capital machinery.
The SCB urged the country's apex trade body FBCCI (Federation of Bangladesh Chambers of Commerce and Industry) to look into the matter considering its adverse impact on the economy.
SCB, a group of around 300 members, mostly exporters, issued a news statement on the day in this connection.
Nasir Uddin Ahmed Chowdhury, acting chairman of the SCB, told the FE: "A number of mainline operators have increased freights without consultation with stakeholders concerned."
Mr. Nasir said: "Industrial raw materials will be costly following the abrupt surge in the fares."
The press statement said: "We're not only concerned, but also very much worried about the state of affairs which are likely to bring extra financial burden in the event of similar steps taken by other shipping lines, especially under uncomfortable financial situation prevailing in the trade."
The SCB statement reads: Hanjin Shipping will introduce 'rate of restoration' (RR) and charge US$ 200 for each 20-foot container for Europe in addition to the existing rate. It will increase the amount to $400 for 40-foot container on the route.
The statement also reads: Hanjin will charge $175 for each 20-foot container and $350 for a 40-foot container for Mediterranean ports. This will on top of the existing rates.
Hanjin's new rate has been in effect since December 23.
SCB said Hanjin had implemented general rate of increment (GRI) from January 1.
It also said APL, a leading US-based mainline operator, would charge $ 08 for each container on account of administration recovery fee.