JOC Staff | Feb 08, 2012 9:58AM EST
Mediterranean Shipping will apply a general rate increase on all cargo from North Europe to ports in the Indian subcontinent.
The rate restoration, to be implemented in two stages, will push rates up by $200 per 20-foot container, starting March 1, followed by another increase of the same amount, effective April 1.
MSC’s move follows a $100 per-TEU GRI announcement by United Arab Shipping on North Europe-Asia trades, which is slated to take effect Feb. 15.
