APL raises rates US$50 per TEU, and surcharges for India-Europe/Med loops

SINGAPORE`s APL, the world`s sixth largest carrier, has announced it will increase the freight rates US$50 per TEU and $100 per FEU for sailings from India to Mediterranean with effect from February 1.

This follows some other carriers` moves to increase rates on the India-Europe trade, which includes CMA CGM, Hapag-Lloyd, Zim and Shipping Corporation of India (SCI).


Also, APL will levy a peak-season surcharge of $100 per TEU and $200 per FEU and high-cube boxes for dry and refrigerated cargo on westbound India-Europe/Med trade from February 1 as well.