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Maersk Line Plans Three 2011 Trans-Atlantic Rate Hikes

11/12/2010 9:31:26 AM

Maersk Line is notifying trans-Atlantic customers of three increases in freight rates the world's largest container ship operator is planning for 2011 on that trade lane.

 

Maersk is “pre-planning” increases of $300 per container, whether 20 or 40 foot, on April 1; $300 per container on July 1; and a third increase on Oct. 1 of an amount that will be determined by what happens in the market next year.

 

The size of the rate increases is approximate. “We might have to adjust them when we get closer to the specific dates, but these are our best indications at this stage,” said Soren Castbak, Maersk Line’s senior director of network and product for trans-Atlantic services.

 

The increases will apply to all cargo moving in both directions between ports in North America, North Europe, the Mediterranean and the Black Sea.

 

The Journal of Commerce Online

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