Maersk Line Announces Freight Rate Hikes

Maersk Line Announces Freight Rate Hikes

Maersk Line said it will increase rates on cargo shipped from India and Sri Lanka to East Africa.

The planned increase will be $100 per 20-foot equivalent unit and $200 per 40-foot equivalent unit, starting June 1.

The Danish carrier will also boost rates on shipments from India and the Middle East to Sudan, effective June 1. The increase will be 70 euros ($101) and $202 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,” Maersk said, announcing the new increases.

Meanwhile, APL said it will apply a peak season surcharge on all cargo moving from Asia to the U.S. and Canada.

The surcharge will be $320 per TEU, $400 per FEU and $450 per 40-foot high cube container, the Singapore-based container line said. It will take effect June 15, and will apply to both dry and reefer cargo.