Hapag-Lloyd to Raise India Rates

3/3/2010 9:54:10 AM

Hapag-Lloyd in April will seek rate increases on two trade lanes affecting the Indian Subcontinent.   A rate increase on the westbound trades from the Indian Subcontinent to Europe will be $200 per 20-foot equivalent unit, effective April 1.   The rate increase will apply to all cargo moving from India, Pakistan, Bangladesh and Sri Lanka to destinations in North Europe and the Mediterranean.   The new hike comes on top of a similar increase Hapag-Lloyd applied on the same trade lane as of Feb. 22.   The German carrier will also increase rates on cargo shipped from the United States and Canada to the Indian Subcontinent and the Middle East, effective April 1.   Rates on the North America-India route will go up by $240 per dry TEU and $300 per dry FEU. On reefer shipments, rates will increase by $400 per TEU and $500 per FEU.   The Journal of Commerce Online

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