For now, the firm is trying to split the additional costs with its customers while exploring alternative options.
“We have quite a bit of cargo going to the Middle East, so stopping cargo going to the Middle East will affect our warehousing costs, because we have to hold the cargo longer in our warehouse,” said Mr Jeremy Lam, business development manager at Hermes Logistics.
He added that payment cycles have also been disrupted.
“Our clients cannot move their cargo, so their payment will be stalled, because money is not going to them, and therefore not going to us,” he said.
