MSC to Hike Far East Rates in May

4/18/2011 10:35:07 AM

Mediterranean Shipping Company plans to apply a general rate increase on the Far East-Asia-Indian subcontinent trade lane as well as to the Far East-Asia-Canada lane.   Starting May 1, the proposed increase for the Indian subcontinent lane will be $150 per 20-foot equivalent unit and $300 per 40-foot equivalent unit.   The Geneva-based carrier will also increase rates by $480 per TEU and $600 per FEU on cargo shipped from the Far East-Asia to Canada, as of May 1.   The Journal of Commerce Online

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