Maersk to raise US-Oceania rates

Maersk Line, the container shipping arm of Danish group A.P. Moller-Maersk, is to raise rates for dry and reefer shipments from the United States to all destinations in Oceania from mid-August, reported Reuters.

A rate rise of US$175 per TEU and $350 per FEU will be introduced on shipments from the United States to Australia, New Zealand and Pacific Islands on August 15, Maersk Line said.

Maersk Line, the world's biggest container shipping company with a global market share of about 15.5 percent last year, did not specify the new rate level after the increase.