Zim Integrated Shipping Services announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI in one-and-a-half months and the third this year, Journal of Commerce reports.
Starting May 15, the increase will be $250 per 20-foot equivalent unit.
The GRI will apply to all cargo moving from India to ports in North Europe, the Mediterranean, Israel and the Black Sea region.
The Israel-based carrier earlier boosted rates on the route with a GRI of $250 per TEU that came into effect Jan. 1, followed by another hike of the same amount as of April 1.
Zim's move follows similar GRI announcements by several major carriers covering the Indian subcontinent-Europe-Mediterranean trade lanes.
Recent increase announcements included: $200 per TEU by Mediterranean Shipping Company as of March 1; $250 per TEU by Maersk Line as of March 1; $150 per TEU by CMA CGM as of March 5; and $200 per TEU by United Arab Shipping Company as of June 1.
Starting May 15, the increase will be $250 per 20-foot equivalent unit.
The GRI will apply to all cargo moving from India to ports in North Europe, the Mediterranean, Israel and the Black Sea region.
The Israel-based carrier earlier boosted rates on the route with a GRI of $250 per TEU that came into effect Jan. 1, followed by another hike of the same amount as of April 1.
Zim's move follows similar GRI announcements by several major carriers covering the Indian subcontinent-Europe-Mediterranean trade lanes.
Recent increase announcements included: $200 per TEU by Mediterranean Shipping Company as of March 1; $250 per TEU by Maersk Line as of March 1; $150 per TEU by CMA CGM as of March 5; and $200 per TEU by United Arab Shipping Company as of June 1.