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APL said it will raise freight rates on the Asia-Europe trade next month.
It plans to seek rate increases on eastbound traffic from Europe to Asia of US$175 per 20-foot container for paper and scrap commodities and US$100 per TEU for all other commodities as of March 15.
It will seek rates increases of US$250 per TEU from Asia to Europe on the westbound leg, effective April 1.
APL’s move follows similar rate increases by Maersk Line and Hapag-Lloyd.
Maersk announced that it would raise general commodity rates for Europe-Asia shipments by $25 per TEU on March 1 and April 1, saying currency movements were boosting traffic on the route.
Hapag-Lloyd put the new rates for incoming services from East Asia to Europe at $1,000 per TEU, $2,000 for a 40-foot box and $2,100 for a 40-foot high-cube container, including bunker and currency surcharges, effective April 1.
The new Hapag-Lloyd tariffs for the Europe-Asia trade are $250 per 20- and $500 per 40-foot container. Further increases are planned for both directions during 2009.
Journal of Commerce Online
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