Container shipping carriers and airlines have increased their freight rates and surcharges, which means Asian exporters will incur higher transport costs.
The South China Morning Post reports that some lines have increased the cost of transporting a 20-foot container from Asia to Europe by up to 10 per cent. This month, dozens of airlines will raise fuel surchages to HK$5.60 (US$0.72) per kilogram on air cargo shipments, adds the Post.
The Hong Kong Shippers' Council, which represents manufacturers and cargo owners, complain that the increased surcharges were "unjust and unfair."
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