Cosco to float bunker surcharge next year

11/6/2007 9:48:56 AM

Cosco Container Lines plans to insist on floating bunker surcharges in next year’s trans-Pacific contract negotiations, said Howard Finkel, the carrier’s executive vice president of trade. Finkel said soaring fuel costs, coupled with higher prices for intermodal rail service, have most carriers seeing red, despite a strong market and a balanced supply-and-demand scenario. Cosco is starting weekly service this month from Asia to Prince Rupert, British Columbia, a new container port that will be devoted exclusively to intermodal shipments via Canadian National Railway. CargonewsAsia

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