Maersk to Raise Asia-Latin America Rates

Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15.

The planned increase on cargo shipped from Far East Asia to the west coast of South America, Central America and Mexico will be $400 per 20-foot container and $800 per 40-foot/high cube container. Rates from Far East Asia to the Caribbean will go up by $560 per 20-foot container and $800 per 40-foot/high cube container.

From Far East Asia to the east coast of South America, the GRI will be $600 per 20-foot container. Cargo from Far East Asia to East Africa will attract an increase of $150 per 20-foot container and $300 per 40-foot container.

From the west coast of South America to Far East Asia, the Danish carrier will apply increases of $150 per 20-foot and $300 per 40-foot/high cube dry container, and $500 per 40-foot reefer container.

The move follows a series of similar GRIs the world’s largest liner operator implemented Jan. 1 on the same trade lanes. Separately, Maersk said it will increase rates on shipments from North Europe to the Middle East and the Indian subcontinent, also effective March 15. The increase will be $150 per 20-foot and 40-foot container.