United Arab Shipping to Raise Asia-Europe Rates $775

2/7/2012 9:26:56 AM

United Arab Shipping imposed a $775 general rate increase on Asia-Europe services effective March 1, joining other major container ship operators in seeking rate restoration on the depressed trade lanes. The planned increase, per 20-foot container, will apply to all dry and refrigerated cargo moving from Asia to ports in North Europe and the Mediterranean. UASC said it will consider implementing a “fuel compensation surcharge” at short notice if bunker prices continue to rise. Over the past few weeks, other ocean carriers, including Maersk Line, Hapag-Lloyd, OOCL, Hanjin Shipping and MSC, have issued similar rate increase notices on the Asia-Europe trade lanes. The Journal of Commerce Online

RELATED NEWS

United Arab Shipping Co. Plans Asia-North Europe Rate Hike (6/7/2013 8:44:12 AM) Low water levels on the Mississippi threatens to halt cargo shipping (1/5/2013 9:29:25 AM) Ship Lines Face Overcapacity, SeaAxis Reports (2/24/2011 10:04:49 AM)

OTHER NEWS

Hyundai doubles size of India loop (2/6/2012 9:40:58 AM) Prince Rupert Container Traffic Up 20 Percent in 2011 (2/6/2012 9:38:55 AM) OOCL to Hike Westbound Asia-Europe Rates $800 (2/4/2012 9:22:19 AM) Hapag-Lloyd to start weekly service to Portland (2/4/2012 9:21:48 AM) Hanjin Seeks $700 Increase in Asia-Europe Rates (2/4/2012 9:20:54 AM) Hapag-Lloyd raises Asia/India-Mideast rates (2/4/2012 9:20:19 AM) Maersk suspends MEW1 round-Africa loop (2/3/2012 9:06:08 AM) Maersk Raises Rates From India to Latin America, Caribbean (2/3/2012 9:05:23 AM) CMA CGM Raises Asia-Mediterranean-Europe Rates (2/3/2012 9:04:24 AM) MSC Hikes Rates from US to Middle East, India, Africa (2/2/2012 9:34:17 AM)

COMMENTS

Your comment

Content: Email / Name / Tel:

The most comprehensive and easy-to-use global marine weather application

With the Courtesy of Bao Hoang Yachts Co. Click "HERE" to get your own 30day free trail or contact Ms Phuong Bui at Vietnam Shipper: phuongbq@vil.com.vn / 08.39330 148