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Market Accepting $1,500 Reefer Rate Hike, Maersk Says

2/27/2013 9:37:41 AM

Maersk Line said a 30 percent hike in its reefer container freight rates, which provoked a storm of protest from shippers, has “largely been accepted” by the market.

The carrier “might lose some market share” following the $1,500 per 40-foot container general rate increase that took effect on Jan. 1, according to Nils Andersen, chief executive of Maersk Line parent A.P. Moller-Maersk.

Maersk is currently negotiating with its customers, and it is “too early to give a further feel,” Andersen said during a presentation of A.P. Moller-Maersk’s annual report.

The world’s biggest carrier said its reefer traffic totaled around 1.6 million 20-foot-equivalents units in 2012.

The Journal of Commerce

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