Hanjin, CMA CGM, Zim, Maersk raise Asia-Europe rates

1/7/2014 8:43:56 AM

THE recent spate of rate hikes is continuing in the New Year with ocean liners Hanjin Shipping, Zim, CMA CGM, and Maersk Line raising rates on the Asia-Europe trades. Starting from January 6, CMA CGM is implementing a peak-season surcharge of US$300 per TEU on services from all Asian ports to North Europe. This will be followed on January 8 by a general rate restoration of $450 per TEU on services operated by Israeli shipping line Zim from the Far East, excluding India, to North Europe and the Mediterranean, reports Lloyd's List. From January 15, Hanjin Shipping is applying a rate restoration of $500 per TEU on services from the Far East and Southeast Asia to North Europe and the Mediterranean. Maersk Line intends to introduce a peak-season surcharge of $250 per TEU on services from Asia to North Europe and the Mediterranean "due to strong seasonal demand" and "high pressure" on its network.   Asian Shipper News

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