Hapag-Lloyd to Raise India-Europe Freight Rates

5/23/2012 10:22:35 AM

Hapag-Lloyd will implement a general rate increase on its services from India to Europe and the Mediterranean.   The planned increase, starting June 1, will be $200 per 20-foot equivalent unit.   The German carrier said the GRI will apply to all westbound shipments from India’s west coast ports of Nhava Sheva (Jawaharlal Nehru) and Mundra to destinations in North Europe, East/West Mediterranean, Black Sea and North Africa.   Separately, Hapag-Lloyd said it will impose an “emergency fuel surcharge” on India-North Europe-Mediterranean trade lanes to cover rising bunker costs, also effective June 1. The proposed surcharge on both dry and refrigerated cargo will be $150 per TEU.   The carrier said the surcharge will be revised “on a monthly basis in line with the Hapag-Lloyd bunker charge.”   The Journal of Commerce Online

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