SCI Hikes India-Europe Rates

1/21/2010 10:22:08 AM

State-owned Shipping Corporation of India will implement a general rate increase on the trade from India to Europe, effective Feb. 4. The national carrier will increase rates by $250 per 20-foot equivalent unit on all westbound shipments moving from the Indian Subcontinent to North Europe, the United Kingdom, the Mediterranean and the Black Sea. SCI said the increase is necessary to cover soaring operational costs and to be able to offer reliable services on the route. The Journal of Commerce Online

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