GERMANY's Hapag-Lloyd has announced it will levy a US$200 per TEU fuel surcharge from April 16 on cargo moving from north Europe and the Mediterranean to ports in the Far East, including Japan.

The carrier said the surcharge, called a "interim fuel participation" surcharge, would apply to both dry and refrigerated cargo. The shipping line said the increase was necessitated by rising bunker costs, and added that the surcharge would be revised "on a monthly basis in line with the Hapag-Lloyd bunker charge".

Source Shipping Gazette - Daily Shipping News