Hapag-Lloyd is the second carrier to impose a cancellation fee this month, JOC.com reports. On June 1, CMA CGM imposed a $150 per TEU cancellation fee on its Europe to Indian subcontinent, Gulf and Red Sea routes.
The German carrier announced last week a “Booking Cancellation Fee” of $60 for export shipments from Singapore to India, which will take effect June 9, 2017. The fee will apply to all bookings which are cancelled within three calendar days prior to vessel arrival.
This is Hapag-Lloyd's second implementation of a no-show fee in Asia, where reports of over-bookings are significant. In October, the line instituted a $40 cancellation fee for shippers in the ports of Hong Kong and Macau.
