Mediterranean Shipping Company (MSC) today announced that it will implement a rate restoration on the westbound North Europe-to-North America trade. In a statement issued by the Swiss shipping line said that in view of actual market situation, depressed rates and increased costs, the company will proceed with an independent rate restoration that will increase all tariff rates and service contracts by a minimum of US$300 per container.
This adjustment will go into effect at the latest by January 1, the statement said.
MSC states that it has not been exempt from recent market developments that have caused rate levels to deteriorate to unsustainable levels. At the same time, the company is faced with increased cost pressures that require an immediate adjustment in order for MSC to maintain quality service levels.
This adjustment will go into effect at the latest by January 1, the statement said.
MSC states that it has not been exempt from recent market developments that have caused rate levels to deteriorate to unsustainable levels. At the same time, the company is faced with increased cost pressures that require an immediate adjustment in order for MSC to maintain quality service levels.