Hapag-Lloyd Raises Trans-Atlantic Rates

5/16/2011 10:14:28 AM

Hapag-Lloyd announced general rate increases effective July 1 for all cargoes and container types for the North Atlantic and Europe-Mexico shipping lanes.   The price increases follow announcements from Maersk Line and OOCL last week of rate hikes on their container shipping networks.   For Hapag-Lloyd, rates from all points in the United States and Canada including to North Europe and the Mediterranean will rise $240 for a 20-foot container and $300 for a 40-foot container.   Rates from North Europe and the Mediterranean to all Canada and U.S. points, including cross-border shipments, will rise $240 per TEU and by $300 per FEU.   Rates from Mexico to North Europe and the Mediterranean will increase $200 per TEU and by $250 per FEU.   Similar increases apply to shipments from North Europe and the Mediterranean to all points in Mexico   The Journal of Commerce Online

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