JOC Staff | Mar 07, 2012 8:59AM EST
Hapag-Lloyd is seeking a series of general rate increases on East Asia services, as part of a new rate restoration program.
The German ocean carrier said rates from East Asia (excluding Japan) and Oceania to the Indian subcontinent will increase by $150 per 20-foot container, effective March 15.
From Japan to the Indian subcontinent, the carrier’s proposed rate hike will be $250 per 20-foot container, starting April 1.
Rates on all cargo moving from Japan to the Red Sea will attract an increase of $250 per 20-foot container, starting April 1.
From Japan to Australia, the GRI will be $250 per 20-foot container, also starting April 1.
Hapag-Lloyd said it will apply an increase of $300 per 20-foot container on all shipments from North East Asia to Australia, effective April 15.
The subcontinent region includes ports in India, Pakistan, Bangladesh and Sri Lanka.