United Arab Shipping Company will raise its rates on trades from North Europe to Asia and the Indian subcontinent, starting May 1.
The planned increase will be $150 per 20-foot container and $200 per 40-foot container.
The Middle East-based carrier said “current rate levels are unsustainable and cannot cover increased operating costs”.
The move follows a $100 per TEU rate hike UASC imposed on same routes as of April 1.
The Subcontinent region includes ports in India, Pakistan, Sri Lanka and Bangladesh.