Mediterranean Shipping Company will apply a general rate increase on the trade from India to South Africa as part of what it calls a new “rate restoration initiative.”, Journal of Commerce reports. Effective Aug. 15, the planned increase will be $250 per 20-foot equivalent unit.
“Such rate restorations enable the company to upgrade its service levels to the highest standards, which its customers have come to expect,” the Geneva-based carrier said.
“Such rate restorations enable the company to upgrade its service levels to the highest standards, which its customers have come to expect,” the Geneva-based carrier said.