CSAV to Hike India-Europe Rates

6/13/2012 10:34:37 AM

Chilean container carrier CSAV will impose a general rate increase on westbound trade from India to Europe and the Mediterranean.   The proposed increase, starting July 1, will be $200 per 20-foot container and $300 per 40-foot container.   The move follows a similar rate increase announcement by Geneva-based Mediterranean Shipping Company on the Indian subcontinent-Europe trade lanes, also effective July 1.   Separately, CSAV said it will apply a $100 per TEU rate hike on trade from India to South America and the Caribbean starting July 1.   The Journal of Commerce Online

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