South Korea's Hanjin Shipping has announced increases in the rates for Asia-Europe trades from April 1, reported The Hindu.
Freight rate increases of US$400 for a TEU and $800/FEU will be applicable for dry, reefer and special cargo from the India-Pakistan-Bangladesh (IPB) and West Asia to the Mediterranean and North Europe and from Far East and Southeast Asia to north Europe, Baltic and Scandinavia.
For dry, refrigerated and special cargo shipments from Japan to North Europe, Baltic, Scandinavia and Mediterranean services, the increases will be $700/TEU and $1,400/FEU.
The carrier said in a statement: “These rate increases are inevitable to cover the unsustainable level of current freight rates and rocketing fuel prices.”
Freight rate increases of US$400 for a TEU and $800/FEU will be applicable for dry, reefer and special cargo from the India-Pakistan-Bangladesh (IPB) and West Asia to the Mediterranean and North Europe and from Far East and Southeast Asia to north Europe, Baltic and Scandinavia.
For dry, refrigerated and special cargo shipments from Japan to North Europe, Baltic, Scandinavia and Mediterranean services, the increases will be $700/TEU and $1,400/FEU.
The carrier said in a statement: “These rate increases are inevitable to cover the unsustainable level of current freight rates and rocketing fuel prices.”