EQUIPMENT SURCHARGE NOTICE
Dear Valued Customers,
Since the beginning of this year, there has been an over-whelming demand for containers to support the upturn in global trade. Unfortunately, equipment supply has not kept pace with this upsurge. The container shortage situation has also been compounded by the lead time for the manufacture of new containers.
Newpac, like most shipping lines, has suffered from such chronic equipment shortage. This situation has invariably been translated into higher costs as a result of :
a. sharp increases in leasing per diem costs
b. imposition high pick up charges by leasing companies
c. unprecedented highs for the price of new containers
d. significant increase in units repositioned to demand locations