From April 9, Asia-European trades freight rates will be doubled and total US$700 per TEU. In May freight rates on transpacific routes will increase from $1,200 to $1,650 per FEU, to South America they will climb from $1,100 to $1,600.
From April, 1 MOL, Hapag Lloyd, APL, MSC, Hanjin Shipping, Maersk Line and CMA CGM will also increase freight rates.