Emirates Shipping Line once again boosted its port congestion surcharges on containers shipped through India's Port Of Chennai.Effectively immediately, ESL’s new surcharges are $210 per 20-foot container on Chennai-SingaporePort Kelang cargo and $75 per TEU on the Chennai Colombo trade lane.
The Middle East carrier had previously on Sept. 28 revised its surcharges to $150 per TEU and $75 per TEU, respectively, from a flat $65 per-TEU imposed as of Sept. 1. ESL’s action comes as the port authority stepped up pressure on mainline and feeder operators to lift their “Chennai trade recovery surcharges” given improved yard inventory situation.
Chennai is India’s second-largest container port, having racked up a record throughput of 1.52 million TEUs in fiscal 2010-11 ended March 31.
Date: November 13, 2011 Source: The Journal of Commerce Online