Market Accepting $1,500 Reefer Rate Hike, Maersk Says

2/27/2013 9:37:41 AM

Maersk Line said a 30 percent hike in its reefer container freight rates, which provoked a storm of protest from shippers, has “largely been accepted” by the market. The carrier “might lose some market share” following the $1,500 per 40-foot container general rate increase that took effect on Jan. 1, according to Nils Andersen, chief executive of Maersk Line parent A.P. Moller-Maersk. Maersk is currently negotiating with its customers, and it is “too early to give a further feel,” Andersen said during a presentation of A.P. Moller-Maersk’s annual report. The world’s biggest carrier said its reefer traffic totaled around 1.6 million 20-foot-equivalents units in 2012. The Journal of Commerce

RELATED NEWS

Maersk takes in ninth 18,000-TEU newbuilding for Asia-Europe trade (6/14/2014 8:54:55 AM) Maersk to start Sino-Australia service with Cosco, ANL slot charter (6/14/2014 8:53:33 AM) Maersk opens direct routes ahead of AEC (6/10/2014 9:06:48 AM) Maersk to hike Mediterranean-North America rates (6/6/2014 10:44:36 AM) Maersk’s opening ceremony marks another company milestone in Vietnam (5/30/2014 9:24:23 AM) Maersk to raise Asia-Europe freight rates (5/15/2014 9:28:13 AM) Only Yantian and Tanjung Pelepas can handle fully-loaded 18,000-TEUers (4/23/2014 9:14:47 AM) Maersk to charter MSC slots to South America (4/18/2014 9:33:37 AM) Maersk first to start PTP-Bitung direct service (4/17/2014 9:46:35 AM) Maersk to raise Asia-Europe freight rates (4/17/2014 9:46:03 AM)

OTHER NEWS

'K' Line enhances intra-Asia coverage, transit times on JASECO loops (2/26/2013 10:14:42 AM) Large new ships to force changes in Asia-Europe services (2/26/2013 10:13:57 AM) Cosco to Increase Rates in Central America Trade (2/23/2013 11:02:48 AM) Maersk Adds India to Europe-Middle East Rotation (2/23/2013 11:02:17 AM) NYK to Restructure Japan-Thailand-India Service (2/23/2013 11:01:23 AM) Eimskip calls at Portland, drops Norfolk on Iceland-America-Norway loop (2/23/2013 11:00:49 AM) Hapag-Lloyd to Hike East Asia-Red Sea Rates (2/22/2013 10:35:21 AM) Asia-Australia carriers to adjust bunker surcharge from March 23 (2/22/2013 10:33:42 AM) Hapag-Lloyd to Hike North America-Latin America Rates (2/21/2013 10:01:43 AM) Charleston's Container Volume Rose 7.7 Percent in January (2/21/2013 10:00:56 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148