DCN - COSCO HALTS SOUTHBOUND BOOKINGS FOR EARLY OCTOBER

Thursday, October 1, 2020
SOURCE: https://www.thedcn.com.au/cosco-halts-southbound-bookings-for-early-october/ 

EXTRACT

Freight and Trade Alliance head of business operations John Park said these decisions by COSCO and OOCL added further pain to Australian importers struggling to get space, not to mention paying freight rate increases and surcharges, and/or specific equipment in load ports due to the tens of thousands of empty containers sitting in Sydney.

"Now they are faced with delays in getting the cargo they can pack onto vessels," Mr Park said.

He said FTA / APSA would be lodging a supplementary submission to its original submission to the ACCC regarding a Proposed Class Exemption for Ocean Liner Shipping to support the need for legislative reform.