Maersk Line plans to raise its rates on major trade lanes as part of what it calls a new “rate restoration program.”
From Far East Asia to North Europe and the Mediterranean, the Danish carrier will hike rates by $250 per 20-foot container and $500 per 40-foot/high cube container, effective Aug. 1.
Rates on cargo from Far East Asia to Canada will increase by $400 per 20-foot container, $500 per 40-foot container, $565 per 40-foot high cube container and $635 per 45-foot high cube container, starting Aug. 10.
Maersk will boost rates on reefer shipments moving from Far East Asia to the U.S., effective Aug. 15. The planned increases will be $1,000 per 40-foot high cube container on cargo bound for the U.S. West Coast and $1,250 per 40-foot high cube container on cargo destined for the U.S. East Coast.
On westbound trade from the Middle East and the Indian subcontinent to North Europe and the Mediterranean, the carrier will apply a rate hike of $200 per 20-foot container and $400 per 40-foot container, starting Sept. 1.
On eastbound trade from North Europe to the Middle East and the Indian subcontinent, the proposed increase, also starting Sept. 1, will be $150 per 20-foot container and $200 per 40-foot container.
“In order to continue offering our broad portfolio of services and high level of reliability, it will be necessary for us to implement a number of rate increases/restorations,” Maersk said.