Exporters from Chennai face extra charges on S'pore, Malaysia shipping routes

Business Standard, 18 Dec 2010Exporters from Chennai would face an additional burden of $65 per TEU (twenty-foot equivalent unit) for every load of containers exported to Europe via Singapore and Port Klang, Malaysia.The additional burden comes as the two feeder operators operating on Chennai - Singapore - Port Klang route have decided to implement Chennai trade recovery (CTC) of $65 per TEU,