NYK Line joined a growing parade of carriers raising rates on trans-Atlantic lanes announcing price increases effective Dec. 1 on shipping to and from Northern Europe.
The hikes follow announcements of price increases on the Atlantic from OOCL and CMA CGM and follow the notice that the New World Alliance carriers – APL, Hyundai Merchant Marine and MOL – will cut their capacity by a third.
NYK told its customers in a notice it is implementing a general rate increase for all cargo under independent tariffs on its trans-Atlantic services to and from all locations in Northern Europe on Dec. 1.
It said the increases, which will apply to all equipment sizes and types, will be $150 per 20-foot container and $300 per 40-foot container.
The Journal of Commerce Online
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