Cosco to Increase Intra-Asia Rates

Cosco to Increase Intra-Asia Rates

Cosco Container Lines will raise rates for all shipments on two of its trade routes:

  • Effective May 15, from the Far East to the Indian subcontinent, the increase will be $100 per 20-foot-equivalent unit.  
  • Starting June 1, from the Far East to the Persian Gulf, the hike will be $300 per TEU.

The shipping line also announced the levels of some surcharges effective June 1:

  • The bunker adjustment factor for both northbound and southbound shipments from northwest Europe and the Mediterranean to South America’s east coast.
  • The currency adjustment factor for both eastbound and westbound shipments from the Far East, including Japan, and the Indian subcontinent to northwest Europe and the Mediterranean.
  • The bunker adjustment factor for both eastbound and westbound shipments from the Far East, including Japan, and the Indian subcontinent to Europe and the Mediterranean.
  • peak-season surcharge for all westbound shipments from the Far East, including Japan, as well as India, Pakistan, Bangladesh and Ceylon, to northwest Europe and the Mediterranean.