The delay in adopting the policy framework is a key contributor to the mixed progress made towards the maritime industry’s 2030 emissions-cutting goals, the report from two climate groups found.
The increase, which applies to a selection of services, is effective Oct. 5.
Standard Ocean Express moves inventory cross-country faster than other options, the company said.
“Depending on the size of the converter and your influence over the supply chain, there’s probably a lot of confusion,” said a Rabobank packaging and logistics analyst.
Those proposed moves and others were outlined by Hong Kong government leader John Lee Ka-chiu as part of a five-year plan to stem the port’s declining container volumes.
High temperatures are delaying supplier deliveries and hobbling productivity in the process, per the Global Electronics Association.
In-house truck fleets operated by shippers are increasingly integrated into supply chain planning, and the current truck capacity shortage is expected to accelerate the trend.
The intra-Asia specialist carrier said Wan Chee Foong will become chief executive in April after holding prior leadership roles with terminal operator PSA International.
The rapid increase in diesel does not necessarily mean established carriers will immediately park trucks, because trucking companies with contractual fuel surcharge mechanisms can pass much of the higher expense to customers.
The restaurant operator will continue to manage inventory and supply contracts while monitoring spending through an extended partnership with ArrowStream.
