MSC to Raise Rates From Europe to India

2/9/2012 10:05:20 AM

Mediterranean Shipping will apply a general rate increase on all cargo from North Europe to ports in the Indian subcontinent. The rate restoration, to be implemented in two stages, will push rates up by $200 per 20-foot container, starting March 1, followed by another increase of the same amount, effective April 1. MSC’s move follows a $100 per-TEU GRI announcement by United Arab Shipping on North Europe-Asia trades, which is slated to take effect Feb. 15. The Journal of Commerce Online

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