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Logistics

Maersk Line to effect rate hikes from July & Sept

6/10/2009 11:46:08 PM

Mumbai, June (EPC NEWS): Maersk Line has announced rate increases on its services between Europe and the Middle East and South Asia.

The trading conditions for carriers operating in these markets are still subject to unacceptable rate levels and the situation is unsustainable in the longer term, the line said in a release.

South Asia (India, Pakistan, Bangladesh, Sri Lanka) to the Mediterranean and North Europe $250 per TEU effective from July 1 $500 per FEU effective from July 1 $150 per TEU effective from September 1 $300 per FEU effective from September 1 The increases apply to all cargo and commodities, excluding reefers.

Mediterranean to Middle East and South Asia Apart from the unsustainable rates in this trade, the rate increases are also being implemented in response to improved demand, the release pointed out. $100 per TEU effective from July 1 $200 per FEU effective from July 1 The increases again apply to all cargo and commodities, excluding reefers.