APL will raise its rates by $450 per 20-foot container on westbound trades from Asia to Europe, starting May 1.
This is the third general rate increase the Singapore-based liner operator has announced this year on the depressed trade lane. The carrier imposed increases of $750 per TEU as of March 1 and $400 per TEU as of April 1.
“The rate restoration is applicable to all shipments from Asia to North Europe, the Mediterranean and the Black Sea,” APL India said.
The move follows a similar GRI notice by OOCL, also effective May 1.