Maersk increases old November rate hike from US$600/TEU to $950/TEU

10/10/2013 9:37:09 AM

MAERSK Line will increase its Asia-Europe rate US$950 per TEU from November, the company announced, having already announced a $600 increase, which has now been replaced by the higher rate. "Maersk Line continues to face unsustainable market rates and the rapid decline of rates in the past few weeks has made it apparent that the previously announced increase of $600 per TEU will be insufficient to run the service at financially viable levels," the company statement said.   Asian Shipper News

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