Hanjin Shipping announced Thursday a rate restoration plan for Asia-Europe trades starting 15 May, Seatrade-asia reports. “Despite our utmost efforts to reduce costs, it is inevitable for us to restore rates in order to maintain service quality and schedule reliability in the midst of hiking operation expenses,” the South Korea-based shipping firm said in a statement. The new rates for the Far East to North Europe/Mediterranean route will be $200 per teu and $400 per feu. Rates on Southeast Asia/India sub-continent and Middle East to North Europe/Mediterranean will be $150 per teu and $300 per feu.
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