JOC Staff | Mar 17, 2011 9:54AM EDT
Zim Integrated Shipping Services will seek a general rate increase on the westbound trades from India to Europe and the Mediterranean, the second GRI this year.
Starting April 1, the planned increase will be $250 per 20-foot equivalent unit.
The GRI will apply to all cargo moving from India to ports in North Europe, the Mediterranean, Israel and the Black Sea region.
The Israel-based carrier earlier raised rates on the same route with a GRI of $200 per TEU that took effect as of Feb. 1.
Zim's move follows similar GRI announcements by several major carriers covering the Indian subcontinent-Europe-Mediterranean trade lanes.
Recent increase announcements included: $200 per TEU by Mediterranean Shipping Company as of March 1; $250 per TEU by Maersk Line as of March 1; and $150 per TEU by CMA CGM as of March 5.
