Trade News > Maritime News > Trade Lanes > MSC Hikes India to Europe, Mediterranean Rates

MSC Hikes India to Europe, Mediterranean Rates

JOC Staff | Jan 6, 2012 1:30PM GMT
The Journal of Commerce Online - News Story
$200 GRI rate increase to take effect Jan. 23

Mediterranean Shipping Company will apply a general rate increase on westbound trade from India to North Europe and the Mediterranean, starting Jan. 23.

The planned increase will be $200 per 20-foot equivalent unit.

The Geneva-based carrier imposed a $225 per TEU rate increase on Asia-Europe-Mediterranean services, which took effect Jan. 1.

MSC’s move follows a $100 per-TEU GRI notice by Middle East carrier United Arab Shipping, effective Jan. 15, and a $200 per-TEU increase by German carrier Hapag-Lloyd, effective Feb. 1, on the same trade
routes.

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