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S KOREAN SHIPPING FIRMS TO CHARGE MORE FOR MIDDLE EAST ROUTES.

AsiaPulse News

| October 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Oct 1 Asia Pulse - Shipping companies operating routes encompassing the Middle East plan to charge a special wartime premium from Oct. 8, which is sure to undermine the competitive edge of Korean exporters, according to the Korea International Trade Association (KITA).

The Informal Rate Agreement body, based in Singapore, notified the association that it will charge a special premium from Oct. 8 because of the danger of war in the Middle East.

With a membership comprising 16 shipping firms, including Hyundai Merchant Marine and the American President Line, the Informal Rate Agreement said that member shipping firms will charge a war-zone ...

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Source: HighBeam Research, S KOREAN SHIPPING FIRMS TO CHARGE MORE FOR MIDDLE EAST ROUTES.