CONGESTION AND RATES THREATEN TEA EXPORTS

Bangladeshi tea exporters are up in arms at the stunning increase in freight rates they are having to pay for containerised shipments.

Equipped with twin spreaders, they have a faster trolley speed and quicker lifting speed than existing Demag and Noell quayside equipment.

In the space of a month, the cost of a 20ft box has risen from $700 to $925, while rates for a 40ft box have gone up to a whopping $1400 from US$750. To make matters worse, congestion at Colombo and Singapore has meant that consignments of Karachibound tea have effectively been left stranded, leaving exporters unable to meet their shipment deadlines, with the potential loss of export markets.

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