COSCO Container Lines has announced a rate increase of US$300 per TEU on all Asia-Europe strings with effect from April 1.
This follows Hanjin's similar decision by raising $200 per TEU on Asia-Europe services, American Shipper noted. Besides the rate increase, Cosco said it will start imposing a $90/TEU container imbalance fee on all southbound loops, including reefer cargo, on its China-Taiwan service starting March 17.
It will also levy a $25/TEU documentation fee on all shipments from Japan to ports in Red Sea, Persian Gulf, and Indian subcontinent as of April 1.
This follows Hanjin's similar decision by raising $200 per TEU on Asia-Europe services, American Shipper noted. Besides the rate increase, Cosco said it will start imposing a $90/TEU container imbalance fee on all southbound loops, including reefer cargo, on its China-Taiwan service starting March 17.
It will also levy a $25/TEU documentation fee on all shipments from Japan to ports in Red Sea, Persian Gulf, and Indian subcontinent as of April 1.