OOCL will bump up rates on its Asia-Europe services next month. As part of the Hong Kong-based line’s revenue restoration program, starting Sept.10 rates on westbound traffic will be hiked by $250 per 20-equivalent-unit. The increase covers shipments from the Far East, Indian Sub-Continent and Middle East to North Europe, the Mediterranean and Black Sea.
Maersk Line plans to raise its rates on shipments from North Europe and the Mediterranean to Far East Asia (including Japan), starting Oct. 1. The proposed increase will be $150 per container. The Danish carrier will also hike rates by $200 per dry container on cargo moving from the Mediterranean to the Middle East and the Indian subcontinent, effective Oct. 1. The subcontinent region includes ports in India, Pakistan, Bangladesh and Sri Lanka.
“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.
CMA CGM will impose a general rate increase on cargo moving on its servicesvfrom India to ports in West Africa, starting Oct. 1. The planned increase will be $150 per 20-foot dry container and $300 per 40-foot/high cube container. “In a continued effort to improve freight rate levels and to maintain reliable and effective services, we will be implementing a rate increase,” CMA CGM India said.