Hanjin Shipping will increase its freight rates on the Asia-Europe and trans-Atlantic trades as of April 1.
The South Korea liner company said Thursday the "rate restoration" was necessary in view of rising operating costs.
Hanjin's announcement came a day after the CKYH alliance among Cosco, "K" Line, Yang Ming and Hanjin revealed plans to add a new service that will increase capacity between Asia and North Europe.
Hanjin's increases, which apply to all dry, reefer and special cargos, are as follows:
--from the Far East to North Europe and the Mediterranean: $200 per 20-foot equivalent unit and $400 per 40-foot equivalent unit.
--from Japan to North Europe and the Mediterranean: $300 per TEU and $600 per FEU.
--from Southeast Asia to North Europe and the Mediterranean: $200 per TEU and $400 per FEU.
--from North Europe and the Mediterranean to the Far East, South Asia, the Middle East and Australia: $100 per TEU and $100 per FEU.
--on the trans-Atlantic in both directions: $300 per TEI and $400 per FEU.
-- Contact Peter T. Leach at email@example.com.