Maersk Line plans to impose a series of general rate increases on major trade lanes as part of what it calls a new “rate restoration program.”
From Far East Asia to the east coast of South America, the Danish carrier will hike rates by $500 per 20-foot container and $1,000 per 40-foot/45-foot high cube container, effective Nov. 15.
Rates on dry cargo from Far East Asia (excluding Japan) to the Indian subcontinent will increase by $150 per 20-foot container and $300 per 40-foot/45-high cube container, starting Nov. 15. The subcontinent includes ports in India and Pakistan.
Dry shipments from the east coast of South America to Far East Asia and South Africa will attract an increase of $150 per container, effective Dec. 1.
From South America West Coast and Central America to Far East Asia, Maersk will hike its rates on reefer cargo by $1,500 per 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,” the carrier said.