KARACHI/ISLAMABAD: Foreign shipping lines are gearing up to impose heavy freight charges while some companies have planned to implement emergency operational recovery surcharge (EORS) by middle of this month.

Shipping industry people said that CMA CGM has circulated a letter regarding immediate implementation of EORS on all shipments to and from Pakistan from May 15 until further notice (valid until June 6 for US, Latin America and Australia).

CMA CGM said this measure has become necessary due to strong geopolitical developments in the region which have significantly impacted on our operations. The surcharge is essential to maintaining the continuity, safety and reliability of our services during this period.

The surcharge ranges between $300 and $800 per unit from Pakistan to Europe/Med/US/Africa and from Asia to Pakistan and from Europe/Med/US/Africa to Pakistan and from Pakistan to Asia.

Ships loaded with Indian goods allowed to dock at Pakistani ports

The Chairman of Pakistan Ship’s Agents Association (PSAA), Mohammad Rajpar, told Dawn that “in my opinion, transit time will increase plus freight”.

Besides, India’s restriction on access to Indian ports........

© Dawn Business