The Shipping Corporation of India will apply a new general rate increase on cargo moving on its Indian subcontinent-Europe Service (ISES), effective July 11.
The national carrier will increase rates by $300 per 20-foot equivalent unit on all westbound shipments from the Indian subcontinent to North Europe, the United Kingdom, the Mediterranean and Black Sea ports.
This is the fourth GRI that SCI has announced this year on the ISES, operated jointly with Mediterranean Shipping Company. It applied increases of $200 per TEU and $400 per FEU as of May 15.
SCI’s move follows similar GRI and peak-season surcharge announcements by other major operators covering the same trade lane, including Hapag-Lloyd, CMA CGM, Zim Integrated Shipping Services, MSC, CSAV Norasia, Evergreen Line, United Arab Shipping Company, and Cosco Container Lines.
Separately, Geneva-based MSC announced plans to apply a GRI on all cargo from Southeast Asia, China, Taiwan and Korea to the Middle East and the Indian subcontinent. Effective July 15, the increase will be $300 per TEU.
The Journal of Commerce Online
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