With carriers increasing rates on major trade lanes on an almost daily basis, Mediterranean Shipping Co. has announced a broad set of rate increases on North American exports on both the trans-Atlantic and the trans-Pacific trade lanes as of March 1.
On the trans-Atlantic, the Geneva-based carrier said it will increase rates on exports from Canada to Northern Europe and the UK, including Scandinavia and the Baltic countries, by $200 per 20-foot container and $350 per 40-foot container.
On exports from Canada to the Western Mediterranean, MSC is increasing rates by $200 per TEU and $350 per FEU.
Rates on exports from the U.S. to Northern Europe and the UK, including Scandinavia and the Baltic region, will increase by $150 per TEU and $250 per FEU. Rates on exports to the Western Mediterranean are going up by the same amounts.
Rates from Mexico to Northern Europe and the UK, including Scandinavia and the Baltic region, will increase by $150 per TEU and $250 per FEU. MSC is increasing rates on export cargo from Mexico to the Western Mediterranean by the same increments.
On the westbound trans-Pacific, MSC will also increase rates on all export cargo except reefers on March 1.
Port-to-port exports will increase by $150 per FEU and $100 per TEU.
Exports originating from intermodal points moving through a U.S. West Coast port will go up by $200 per FEU and $150 per TEU.
Port-to- port exports from U.S. East and Gulf Coast ports to Asian ports will increase by $150 per FEU and $100 per TEU.
Exports originating from intermodal points that move through U.S. East or Gulf Coast ports will increase by $200 per FEU and $150 per TEU.
The rate increase on port-to-port reefer shipments from U.S. West Coast cargo is $250 per FEU and $185 per TEU.
Rates on reefer exports originating from intermodal points and moving through U.S. West Coast ports will increase by $250 per FEU and $185 per TEU.
The rate increase on reefer exports to Asia from or through U.S. East and Gulf Coast ports will be $250 per FEU and $185 per TEU.
Finally, the rates on export reefers originating from intermodal points and moving through U.S. East and Gulf coast ports will go up by $250 per FEU and $185 per TEU, also on March 1.
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