MSC Hikes Rates from US to Middle East, India, Africa

2/2/2012 9:34:17 AM

Mediterranean Shipping will apply a general rate increase for U.S. shipments to the Middle East, India, the Mediterranean and Africa, starting March 1. The world’s second-largest container shipping company’s planned increase will be $150 per 20-foot equivalent unit and $300 per 40-foot equivalent unit. The Geneva-based carrier's annoucement comes as other carriers, including Maersk Line and OOCL, push rate hikes on various trade lanes. The Journal of Commerce Online

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