Maersk announces first quarter rate increases

12/29/2010 10:17:19 AM

Container shipping Maersk Line plans to raise freight rates from the Middle East and the Indian subcontinent to northern Europe and the Mediterranean twice in the first quarter, eported Reuters. The company has announced a US$200 per 20-foot container and $400 per 40-foot container general rate increase from February 1. It said it would further raise rates on those routes by $250 per TEU and by $500 per FEU from March 1. Maersk Line also announced rate increases from North Asia to Australia, from Canada to Far East Asia, and from Far East Asia to Cuba.   Cargonews Asia

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