JOC Staff | Nov 19, 2012 9:33AM EST
Hapag-Lloyd plans to implement general rate increases on trades from East Asia (excluding Japan) to the Indian subcontinent and the Middle East, starting Dec. 1.
From East Asia to the subcontinent, the German carrier will hike its rates by $150 per 20-foot dry container and $250 per 20-foot reefer container. The subcontinent region includes ports in India, Pakistan, Bangladesh and Sri Lanka.
On trades from East Asia to the Arabian Gulf and Red Sea, the planned increase will be $300 per 20-foot dry container and $250 per 20-foot reefer container.
Separately, Hapag-Lloyd also announced a $600 per TEU rate hike on shipments from East Asia (excluding Japan) to ports in North Europe and the Mediterranean, effective Dec. 17.
“In order to continue providing customers with sustainable services in the Far East trade, further rate increases are necessary,” the carrier said.