Evergreen Line on Wednesday announced rate increases on the westbound trade from the Far East and the Indian Sub-Continent to Europe and the Mediterranean.
It said those trades have experienced stronger than anticipated demand in October and into November, which has come “on the heels of reduced capacity announced for the fourth quarter of 2009, resulting in limited space availability.”
The increase in westbound rates from the Far East (including Japan) and the Indian Sub-Continent to Europe and the Mediterranean will be $200 per 20-foot container, effective Nov. 1.
It will apply to all cargoes and commodities, including temperature-controlled and reefer freight.
Evergreen’s announcement of the increase in westbound rates follows its Oct. 14 announcement of a $150-per-TEU increase in rates on eastbound cargo for the trade from Europe and the Mediterranean to the Far East, including Japan and Australia, the Indian sub-continent and the Middle East, also effective Nov. 1.
Contact Peter T. Leach at email@example.com.