Increased freight charges are expected to be announced in the near future by the local foreign shipping companies because of an increase in the cost of fuel, it is reported yesterday A decision in this regard was reached at a recent meeting of representatives of these firms, but how much the increase will be and when it will be effective have not yet been decided, according to the reports.
Messrs. Butterfield & Swire and Jardine, Matheson & Ca. the two leading British firms, are not expected to participate in the raising of freight charges as they have raised their rates by 15 per cent, alread: the reports said
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