Shippers raise rates for cargo from U.S. to Venezuela: documents, sources

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Shippers raise rates for cargo from U.S. to Venezuela: documents, sources
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Two major shipping lines this month have raised their rates for transporting goo...

FILE PHOTO - Containers from Hamburg Sud Shipping Company are seen at La Guaira port, in La Guaira, Venezuela March 31, 2016. REUTERS/Marco Bello

Washington on May 15 banned direct flights between the United States and Venezuela, citing safety concerns, as part of a broad package of sanctions meant to pressure Nicolas Maduro into resigning as president of the crisis-stricken country. Shipping lines Hamburg Sud and King Ocean Services have added a surcharge of $1,200 per container of cargo that leaves the United States for Venezuela after May 15, according to documents seen by Reuters. That service has in recent months been costing between $3,000 and $5,000, depending on the cargo, according to two sources at local ports.

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