Hapag-Lloyd Hikes India-Australia Freight Rates

Hapag-Lloyd will seek a general freight rate increase on all cargo moving on its services from the Indian subcontinent to Australia.

Starting Aug. 1, the planned increase will be $250 per 20-foot equivalent unit.

The increase comes on top of Hapag-Lloyd's previously announced GRI of the same amount on the route that took effect as of July 1.

By The Numbers: Container Rate Benchmark.

The German carrier will also increase rates on cargo shipped from the Indian subcontinent to New Zealand by $250 per TEU, effective August 15.

The new GRIs will cover the trades from India, Pakistan, Bangladesh and Sri Lanka to all destinations in Australia and New Zealand.

In a separate trade notice, Maersk Line said it plans to apply a GRI on cargo shipped from India to South America East Coast. Effective July 15, the increase will be $200 per TEU and $400 per FEU.