Hanjin Boosts Asia-Europe Rates

4/16/2011 9:59:58 AM

Hanjin Shipping plans to increase freight rates as of May 15 on the Asia-Europe trade lanes.   Those trade lanes have been hit by sliding rates since the beginning of the year, with the spot index for shipping containers from Shanghai to Europe slipping below $1,000 per 20-foot equivalent unit last month on fears of vessel overcapacity.   The South Korean carrier said it will increase rates by $200 per TEU and $400 per 40-foot equivalent unit on all dry and reefer cargo shipped from the Far East (excluding Japan) to Northern Europe and the Mediterranean.   It will raise rates by $150 per TEU and $300 per FEU on dry and reefer cargo shipped to Northern Europe and the Mediterranean from Southeast Asia, the Middle East and the Indian subcontinent.   The Journal of Commerce Online

RELATED NEWS

CSCL, Hanjin, Evergreen receive three 8,000-10,000 TEU ships (4/1/2014 9:26:40 AM) Hanjin, CMA CGM, Zim, Maersk raise Asia-Europe rates (1/7/2014 8:43:56 AM) Cosco, Hanjin, Yang Ming Partner on Russia-Finland Service (5/7/2013 9:55:10 AM) Megaships heading for Asia-Europe trade (1/17/2013 10:07:14 AM) Hanjin to Hike Rates in Asia-Europe Trades (12/18/2012 10:26:22 AM) Hanjin joins 'K' Line to enhance Singapore Western Australian loop (12/13/2012 10:52:30 AM) Asia-Australia carriers to adjust bunker surcharge from January 5 (12/6/2012 10:30:31 AM) APL, Hanjin to Launch Weekly Intra-Asia Service (12/6/2012 10:29:27 AM) WTSA ups reefer rates US$1,500 per FEU from January on rising costs (12/3/2012 10:31:35 AM) Hanjin announces Asia-Europe rate hike (11/21/2012 10:16:04 AM)

OTHER NEWS

Two big box boats join Hanjin fleet (4/15/2011 10:35:07 AM) Hanjin launches a new service to the Pacific North West. (4/14/2011 10:34:46 AM) APL expands its North Asia Philippines Express (4/14/2011 10:33:46 AM) Evergreen, Wan Hai, MOL and Seacon launch a new Asia - East Africa service (4/14/2011 10:33:01 AM) Hanjin, COSCON, PIL and Wan Hai Lines launch a new transpacific service (4/13/2011 10:05:52 AM) Evergreen, COSCON, PIL and Wan Hai Lines launch a new Far East - South America West Coast service (4/13/2011 10:05:09 AM) K-Line restructures its Asia - North America East Coast services (4/13/2011 10:04:35 AM) India Container Traffic Surges 9.5 Percent (4/11/2011 9:01:17 AM) MSC raises U.S./West Coast South America rates (4/9/2011 10:06:00 AM) AE1-AE10 rotation details emerge (4/9/2011 10:05:09 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148