MSC to increase Asia-Europe eastbound rate US$400/TEU from April 1

GENEVA-based Mediterranean Shipping Co (MSC), the world`s second largest carrier, has announced it will increase the freight rates on the eastbound Asia Europe by US$400 per TEU with effect from April 1.

The general rate increase (GRI) will be implemented on cargo from Japan, Korea, mainland China, Hong Kong, Taiwan, Singapore, Indonesia, Thailand, Vietnam, Malaysia and Bangladesh to Northern Europe (including the UK), Scandinavia, the Baltic Sea, west Mediterranean, Adriatic, east Mediterranean, Black Sea and North Africa, according to the company statement.