Hapag-Lloyd, UASC to increase rates on India - Middle East services
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Hapag-Lloyd plans to raise freight rates on major trade lanes covering the Indian subcontinent and the Middle East, starting in early July.
A planned rate increase on all cargo moving from Japan to the Indian subcontinent will be $250 per 20-foot equivalent unit, effective July 1.
The German carrier will also increase rates on cargo shipped from East Asia and Oceania to the Middle East, also effective July 1. The increases will be $250 per TEU for shipments to the Persian Gulf, and $150 per TEU for shipments to the Red Sea, which includes Jeddah, Aqaba, Sokhna, Port Sudan and Hodeidah.
The move comes just after the carrier applied an increase of $150 per TEU on the trade from East Asia (excluding Japan) and Oceania to the Indian subcontinent, as of June 1.
In related news, United Arab Shipping Co. will seek general rate increases for cargo moving from the U.S. East Coast to the Indian Subcontinent and the Middle East, effective July 1.
Rates to the Indian subcontinent (India and Pakistan) will increase by $150 per 20-foot, $300 per 40-foot and $400 per 40-foot high cube container.
Shipments to the Red Sea and the Arabian Gulf region will attract increases of $200 per 20-foot, $400 per 40-foot and $500 per 40-foot high cube container.
A planned rate increase on all cargo moving from Japan to the Indian subcontinent will be $250 per 20-foot equivalent unit, effective July 1.
The German carrier will also increase rates on cargo shipped from East Asia and Oceania to the Middle East, also effective July 1. The increases will be $250 per TEU for shipments to the Persian Gulf, and $150 per TEU for shipments to the Red Sea, which includes Jeddah, Aqaba, Sokhna, Port Sudan and Hodeidah.
The move comes just after the carrier applied an increase of $150 per TEU on the trade from East Asia (excluding Japan) and Oceania to the Indian subcontinent, as of June 1.
In related news, United Arab Shipping Co. will seek general rate increases for cargo moving from the U.S. East Coast to the Indian Subcontinent and the Middle East, effective July 1.
Rates to the Indian subcontinent (India and Pakistan) will increase by $150 per 20-foot, $300 per 40-foot and $400 per 40-foot high cube container.
Shipments to the Red Sea and the Arabian Gulf region will attract increases of $200 per 20-foot, $400 per 40-foot and $500 per 40-foot high cube container.