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Traders, buyers hit as Maersk raises freight fees
The new charges will adversely impact ongoing initiatives to promote a modal shift from air to sea freight which is already gaining traction, especially against the backdrop of climate and carbon reduction initiatives and resultant market demands, especially in Europe.
Danish shipping group Maersk, which controls a 28 percent market share of cargo throughout the Mombasa Port, has increased its freight surcharges starting next week because of militant disruptions on the key Red Sea or Gulf of Aden route.
This means traders and consumers of cargo brought in by the shipping line through the key gateway will face higher costs from Monday next week, as the firm reported industry-wide disruptions courtesy of Yemen-based Houthi militants.
