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United Arab Shipping Co. Plans Asia-North Europe Rate Hike

6/7/2013 8:44:12 AM

United Arab Shipping Co. will boost rates for dry and refrigerated cargo on its trade from Asia to North Europe, effective July 1.

The increase will be $910 per 20-foot-equivalent unit, the container line said.

Maersk Line, Mediterranean Shipping Co., Hapag-Lloyd and OOCL have also planned Asia-to-North Europe rate hikes for July 1, despite recent declining rates in the trade lane.

The Journal of Commerce

 

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