COSCO Container Lines announces in its press release Rate Restoration for all shipments from Far East to Red Sea Trade as following schedule:
200 USD per TEU effective from December 1, 2013
200 USD per TEU effective from December 15, 2013
300 USD per TEU effective from January 1, 2014
Far East include: China Mainland, China Hong Kong, China Taiwan, China Macao, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.
Red Sea include: Saudi Arabia (Red Sea Coastal), Yemen, Jordan, Egypt (Red Sea Coastal), Sudan.