Maersk Line announced a general rate increase on Asia-Europe trade lanes as part of what it calls a new "rate restoration initiative."Starting June 1, the planned increase will be $250 per 20-foot equivalent unit."The rate restoration initiative will apply to all dry and reefer cargo moving from all Asian ports to all destinations in North Europe and the Mediterranean," Maersk said in a trade notice Monday, The Journal of Commerce reports.
The increase comes on top of the Danish carrier's previously announced GRI of the same amount on the route that came into effect March 1.
Maersk's move follows similar GRI announcements by almost all major carriers operating on Asia-India subcontinent-Europe-Mediterranean trade routes.
In related news, MSC said Monday it plans to apply a rate increase on cargo shipped from India to East Africa. Effective May 16, the proposed increase will be $100 per TEU.
The increase comes on top of the Danish carrier's previously announced GRI of the same amount on the route that came into effect March 1.
Maersk's move follows similar GRI announcements by almost all major carriers operating on Asia-India subcontinent-Europe-Mediterranean trade routes.
In related news, MSC said Monday it plans to apply a rate increase on cargo shipped from India to East Africa. Effective May 16, the proposed increase will be $100 per TEU.