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UAE : Peak season shipping surcharge announced |
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2004-8-13
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Large container shipping lines operating out of Dubai announced September 1 peak season surcharge of $200 for 20-feet containers and $400 for 40-feet containers on all the routes, especially from China to the Middle East and from the Middle East to the US.
The conference member lines said that this quantum of surcharge will be applied on top of ongoing market rates and will be applicable for all equipment types to and from the Middle East.
Trade from China to the Middle East region, has been witnessing a steady increase rise and had touched 40 percent increase in Chinese shipments to the UAE, even as current year volumes are expected to go higher.
Lines representatives anticipate westbound increases to remain at least in line with those experienced last year, while eastbound shipments are also forecast to increase though at a single digit rate.
Over half of all containers coming in from Asia and the Far East to the UAE are now shipped from China. The percentage growth in traffic seen last year on this route varies from carrier to carrier, with some lines reporting growth in shipments of 25 to 30 per cent and more, while others managed volume growth of around 10 to 15 per cent.
Shipping industry sources say that in almost all cases volumes have been growing in double-digit terms. The eastbound leg has been less buoyant, but lines say they still achieved growth rates of 10 to 12 per cent last year.
Containerized exports from China to the UAE include toys, electrical appliances, garments and textiles, bicycles, audio equipment, lamps and footwear, while on the return leg the key commodities consist of aluminum, household ceramics, petrochemicals, resins and plastics.
Meanwhile, major shipping lines operating on the Far Eastern destinations are introducing new container services, with unprecedented strength of exports from China cited as the main reason for the start of many new services scheduled for the next month.
Industry sources say that the demand is so strong that a severe shortage of suitable tonnage is proving a serious constraint on some of the more ambitious expansion projects in the pipeline.
Some lines on the lookout for 2,000 TEU (twenty foot equivalent unit) vessels have reportedly been unable to get the ships. |
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