Mediterranean Shipping announced it will increase all freight rates on its eastbound service from Asia to the U.S. and Canada on March 15.
The second-largest container line became the first major carrier to boost rates in that trade in the wake of the Feb. 9 rate increase recommendation by the Transpacific Stabilization Agreement.
MSC said the GRI would be $240 per 20-foot equivalent container unit, $300 per 40-foot equivalent unit and $338 per high-cube container. MSC’s GRI will apply to all cargo shipped from all ports of origin in Asia and the Far East to all U.S. and Canadian destinations.
The Journal of Commerce Online
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