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Mainfreight managing director Don Braid said the cost of shipping a 40-foot container of goods had been inflated by up as much as $8000 more than a standard contract price negotiated pre-Covid-19.
Mainfreight had been passing those costs onto its customers, which was in turn being passed on to their customers, and so on, he said. My sense is it s not going to change in the short term, and I think we ll be hit by the shipping congestion and higher rates for some time to come, he said.
Congestion at the Ports of Auckland was going on at every major port around the world, he added.
Are Wuhan coronavirus (Covid-19) "vaccines" spreading those dreaded "variants" about which the mainstream media keeps fearmongering? You bet. Nobel Prize winner Luc [.]
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ED probing money laundering charges in case against IFFCO MD
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Case pertains to alleged import of fertilizers and raw materials at inflated rates
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Case pertains to alleged import of fertilizers and raw materials at inflated rates
The Enforcement Directorate is probing money laundering charges in connection with a case recently registered by the Central Bureau of Investigation against the Indian Farmers Fertiliser Co-operative Limited (IFFCO) managing director and others for alleged import of fertilizers and raw materials at inflated rates.
“Well before the CBI instituted the case, we had launched an inquiry under the Foreign Exchange Management Act in the same matter and have gathered substantial evidence related to the fertilizer scam,” said a senior ED official.