Hyundai Merchant Marine will increase export rates from the U.S. and Canada to destinations in the Middle East and the Indian subcontinent, effective Dec. 1, 2012.
The Middle East destinations include United Arab Emirates, Saudi Arabia, Kuwait City, Qatar, Bahrain and Oman. Indian subcontinent destinations include ports in India, Pakistan, Bangladesh and Sri Lanka.
Existing rate levels to the Middle East and the Indian subcontinent will increase by $160 per 20-foot container and $200 per 40-foot container, for all sizes and types of equipment.
The ocean carrier will also impose a new surcharge on exports from the U.S. and Canada to all inland points in South Korea, in the amount of $70 per container for all sizes and types of equipment. The surcharge will take effect Nov. 15, 2012.
Finally, also on Nov. 15, HMM said in a notice on its Web site that it will implement an equipment imbalance surcharge on all refrigerated containers originating in the Pacific Northwest that are destined to Asia, the Indian subcontinent and Middle East in the amount of $300/unit.