JOC Staff | Jul 02, 2012 8:12AM EDT
Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding Japan) to ports on the Indian subcontinent. The rate hike, which takes effect July 15, will be $300 per 20-foot-equivalent unit.
The subcontinent region includes India, Pakistan, Bangladesh and Sri Lanka.
The German ocean carrier also plans to push its rates up by $300 per TEU on trades from North East Asia to Australia. The proposed increase is slated to take effect Aug. 1.
North East Asia includes Korea, China, Hong Kong and Taiwan.