COSCO Container Lines implements a Rate Restoration for all shipments from Far East to Persian Gulf Trade effective from March 15, 2015, the company said in its press release.
The quantum is 200 USD per TEU
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: Iraq, Kuwait, Saudi Arabia (Persian Gulf Coastal), Bahrain, Qatar, United Arab Emirates and Oman.