COSCON announces Rate Restoration for Far East-Middle East Trade

COSCO Container Lines has announced Rate Restoration to be applied to all shipments from Far East to Red Sea, Persian Gulf and India Sub-Continent Trade and effective from April 15, 2013, the company said on Thursday.

The details of RR are as follows
300 USD per TEU for Red Sea & Persian Gulf Trade
200 USD per TEU for India Sub-Continent Trade

Far East include: China Mainland, China Hong Kong, China Taiwan, China Macao, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.

Persian Gulf include: Iran, Iraq, Kuwait, Saudi Arabia (Persian Gulf Coastal), Bahrain, Qatar, United Arab Emirates and Oman.

Indian Sub-continent include: India and Pakistan.

Red Sea include: Saudi Arabia (Red Sea Coastal), Yemen, Jordan, Egypt and Sudan.