The Mediterranean Shipping Co (MSC), the world's second container carrier, has announced it will increase its Far East-Australia freight rates by US$250 per TEU from April 15.
The increase will apply to all trades from China, Korea, Taiwan and Hong Kong to Australia, reported American Shipper. MSC currently runs two Far East-Australia services.
The first is the Wallaby loop, jointly operated with Maersk. The second one is Panda loop, which MSC acts as a slot buyer on the CAS/AAS string run by APL, Evergreen, Hapag-Lloyd and Hyundai Merchant Marine.
The increase will apply to all trades from China, Korea, Taiwan and Hong Kong to Australia, reported American Shipper. MSC currently runs two Far East-Australia services.
The first is the Wallaby loop, jointly operated with Maersk. The second one is Panda loop, which MSC acts as a slot buyer on the CAS/AAS string run by APL, Evergreen, Hapag-Lloyd and Hyundai Merchant Marine.