MSC Hikes Rates from India

10/7/2009 10:21:17 AM

Mediterranean Shipping Company will increase freight rates for cargo moving on its services from India to Europe and Africa, effective October 12.   From India to North Europe, the United Kingdom, East/West Mediterranean and Black Sea ports, rates will increase $150 per 20-foot equivalent unit.   The proposed increase for the trade from India to East Africa, Mozambique, South Africa and the Indian Ocean Islands will be $200 per 20-foot equivalent unit.   The move comes just as the state-owned Shipping Corporation of India, which operates the weekly Indian-Subcontinent-Europe Service (ISES) in conjunction with MSC, announced plans to seek a similar rate increase, effective Oct. 10.   The Journal of Commerce Online

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