Zim Postpones Asia-Europe Rate Hike

7/15/2011 10:14:52 AM

Zim Integrated Shipping Services is postponing by a month the implementation of the general rate increase it planned to apply July 1 on the Asia-Europe trade.   The GRI of $275 per 20-foot equivalent unit is now slated to take effect Aug. 1. It will cover all westbound cargo moving from Asia and the Indian subcontinent to West Mediterranean, Adriatic and North Europe destinations.   The Israel-based carrier's move is the latest of a series of such moves by carriers in the wake of weakening demand. Mediterranean Shipping Co. postponed the implementation of its $250-per-TEU GRI on Asia-North Europe-Mediterranean trade routes from July 1 to Aug. 1, and Maersk Line earlier pushed its Asia-North Europe rate hike back from June 1 to July 1.   The Journal of Commerce Online

RELATED NEWS

"Zim Tianjin", the largest container vessel ever to call at Israeli ports (6/2/2014 10:38:11 AM) Hanjin, CMA CGM, Zim, Maersk raise Asia-Europe rates (1/7/2014 8:43:56 AM) ZIM's ZCP service to add a Qingdao call (9/3/2013 10:05:42 AM) Zim adds Virginia port to its Shanghai-Norfolk 30-day Panama service (5/10/2013 9:26:41 AM) Zim, Evergreen and Cosco to upgrade ASE service (4/23/2013 9:43:11 AM) Zim will participate in 3 G6 services to U.S. East Coast (3/20/2013 9:42:30 AM) Zim to restructure its Asia-Med-Europe network (2/7/2013 10:10:03 AM) MSC and ZIM to commence a new joint Med-Europe Service (2/6/2013 9:56:54 AM) Transpacific Stabilisation Agreement ups rate US$600/FEU January 15 (12/21/2012 10:20:24 AM) Zim adds Ashdod to its Container Service Atlantic (ZCA) (11/29/2012 10:06:44 AM)

OTHER NEWS

Hamburg Sud reworks Europe-Med services (7/15/2011 10:14:36 AM) Top 20 Ocean Carriers Boost Market Share (7/13/2011 10:27:29 AM) Container Volume Rises 3 Percent at Indian Ports (7/12/2011 10:40:19 AM) CMA CGM drops Philadelphia from Black Pearl (7/12/2011 10:39:24 AM) Eimskip Expands Iceland-North America Service (7/11/2011 10:27:23 AM) Carriers Alliance to Suspend Some Trans-Pacific Service (7/11/2011 10:26:53 AM) OOCL Delays Peak Season Surcharges (7/11/2011 10:26:18 AM) MCC amends intra-Asia service rotation (7/8/2011 9:50:49 AM) Lines add Pecem to Med/ECSA loop (7/8/2011 9:50:19 AM) Hyundai Hikes US-South America Rates (7/7/2011 10:31:06 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