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2012 March 26   10:35

Maersk sets new round of Far East rate hikes

Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15, Journal of Commerce reports. The Danish carrier will raise its rates by $500 per 20-foot equivalent unit container on dry shipments from Far East Asia to the west coast of South America and Central America. Rates will increase $1,000 per 40-foot or high cube container and $1,250 per 45-foot container.

Rates from Far East Asia to the Caribbean will go up by $560 per 20-foot dry container and $800 per 40-foot or high cube dry container.

Maersk plans to boost its rates from Far East Asia to Puerto Rico by $560 per 20-foot dry container and $800 per 40-foot dry container.

Far East to the U.S. and Canada rates will rise $320 per 20-foot container, $400 per 40-foot container and $450 per 40-foot high cube container.

Maersk also said it would apply a $150-per-TEU general rate increase in the trade from the Far East (excluding Japan) to India, effective April 1.

The move follows a series of rate hikes the carrier imposed March 15 on Far East Asia routes.

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