Evergreen Hikes Westbound Trans-Atlantic Rates

Evergreen Line on Monday announced a two-tier rate increase on the westbound trans-Atlantic trade in similar increments that will take effect on July 1 and October 1.

The Taiwanese carrier said the increases apply to all cargo and commodities, including reefers and special equipment.

The new increases by Evergreen come on top of the similar increases it announced last October and which take effect on April 1. Those increases, which remain in place, are $350 per 20-foot container and $450 per 40-foot container and high-cube container

The new increases announced Monday follow similar hikes by several other carriers, including OOCL, NYK, Mediterranean Shipping Co., Hanjin and Hamburg Sud.

Evergreen's July 1 increases are $350 per TEU and $450 per FEU and high-cube container. The Oct. 1 increases are in the same amount, $350 per TEU and $450 per FEU and high-cube container .

Contact Peter T. Leach at pleach@joc.com.