Liners Fight Freight No-Shows With Fee
Hapag-Lloyd has followed CMA CGM in starting a cancellation and no-show fee for shippers failing to arrive with cargo on smaller volume routes, according to The Loadstar.
German cargo container shipping line Hapag-Lloyd announced a US$60 per cancellation fee that will affect cancelled shipments from Singapore to India from June 9, 2017.
This fee would be applied to “all bookings which are cancelled within three calendar days prior to vessel arrival”.
Hapag-Lloyd is making further cost savings following on from news it will cut 11,000 jobs amid cost-savings.
Hapag-Lloyd’s fee follows the introduction of a $150 per TEU fee set out by CMA CGM Belgium on May 30, 2017.
CMA CGM’s fee affects shipments out of Northern Europe and bound towards Red Sea, Middle East, India, Pakistan and Sri Lanka with a bill of lading date after June 1st, 2017.
A similar fee applies on Europe to Indian Subcontinent, Gulf and Red Sea trades.
CMA CGM said the fee would be invoiced to the booking party and applied to “for all bookings cancelled or transferred 7 calendar days or less prior to vessel cut-off date.”
CMA CGM aims to improve meeting customer requirements with the move, it said: “Booking reliability will assist CMA CGM to efficiently allocate space and equipment in order to guarantee our customers’ needs and requirements.”