Maersk Joins Asia-Europe August Rate Hike Push

7/19/2013 11:23:26 AM

Maersk Line has become the latest carrier to unveil freight rate hikes on the westbound Far East-Europe trades in August. The Danish carrier said it plans to levy a general rate increase of $300 per 20-foot container and $600 per 40-foot container on all services from Asia, excluding Japan, to north European ports. Maersk will also implement a GRI of $400 per 20-foot container and $800 per 40-foot and 45-foot high cube dry or reefer container on services from Asia, also excluding Japan, to southern Europe on August 1. The planned hikes by the market leader are lower than those announced earlier by rival carriers, including Mediterranean Shipping Co., which plans to implement a GRI of $500 per TEU from Asia to north Europe, the east and west Mediterranean, North Africa, Black Sea, the Baltic, the Adriatic and Scandinavia. The Journal of Commerce

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OTHER NEWS

APL, ANL, Hanjin Shipping Launch Joint Asia-Australasia Service (7/18/2013 9:24:34 AM) Washington state carrier Westwood launches transpacific reefer box loop (7/18/2013 9:23:53 AM) Grand Alliance adds northern Europe service to Port Everglades (7/17/2013 9:50:44 AM) CMA CGM upgrades round-the-world service (7/17/2013 9:49:24 AM) Liberty Global to launch ro/ro service to Mideast (7/15/2013 9:09:28 AM) Triton starts South America service (7/15/2013 9:08:39 AM) Ocean Carrier Rate Revision Roundup for July 12 (7/15/2013 9:08:01 AM) Westwood Shipping Launches Reefer Container Service (7/12/2013 10:07:03 AM) Hamburg Sud takes charge of world's biggest reefer box ship - 9,814-TEU (7/11/2013 9:51:49 AM) OOCL hikes rate US$525/TEU on westbound Far East-Europe trade August 1 (7/11/2013 9:51:15 AM)

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