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ShareThisZim Sets Asia-Europe Peak Season Surcharge
Joins other ocean carriers in imposing rate restoration on trade lane
Zim Integrated Shipping Services imposed a peak season surcharge on westbound cargo moving from Asia and the Indian subcontinent to West Mediterranean, Adriatic and North Europe destinations, staring Aug. 15.
The Israel-based carrier joins other major ocean carriers on Asia-Europe trade lanes in imposing rate restoration. The surcharge will be $150 per 20-foot container.
The announcement follows a $275 per-TEU rate hike the carrier implemented on the same route as of Aug. 1.
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Commentary: Future Shock
Other recent rate increase announcements on Asia-Europe trades include: $125 per TEU by Hapag-Lloyd as of Aug. 1; $250 per TEU by Mediterranean Shipping Company starting Aug. 8; $200 per TEU by CMA-CGM starting Aug. 14; and $150 per TEU by Hamburg Sud starting Aug. 15.
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