Hapag-Lloyd to raise Far East westbound rates US$750 per TEU from March

GERMANY`s biggest, and the world`s fourth largest container carrier Hapag-Lloyd, has announced it will impose a general rate increase (GRI) of US$750 per TEU on its Far East westbound services starting from March 1.

The GRI will apply to all shipments from east Asia (excluding Japan) to all North Europe and Mediterranean (excluding south and west Africa) destinations, said a company statement.


Hapag-Lloyd`s east Asia coverage includes Japan, South Korea, Taiwan, Hong Kong, mainland China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, Vladivostok and Vostochny.


And its north Europe coverage comprises north west European continent, the UK, Scandinavia, Baltic and European ports of Russia, while Mediterranean services cover the west and east Mediterranean, Black Sea and north Africa.