COSCO Container Lines has announced that it is raising rates US$150 per TEU on shipments from the Far East to the Persian Gulf starting today, Monday, April 11.
The increase affects shipments from mainland China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Japan to Iran, Iraq, Kuwait, east coast Saudi Arabia, Bahrain, Qatar, UAE and Oman.