Hapag-Lloyd to levy US$750/TEU Asia-Europe rate hike from March
Time：2013-01-28
Browse：66
Similar action was taken last year when Hapag-Lloyd was the first to levy an unusually large Asia-Europe rate hike following a ruinous price war, noted London`s Containerisation International.
"Within 48 hours, most major carriers had followed suit, some going for even larger increases. Evergreen, for example, went for a two-stage $900 per TEU upwards adjustment," CI recalled.
The March rate increase is separate from Hapag Lloyd`s current peak season surcharge of $200 per TEU ahead of Chinese New Year holidays.
CMA CGM, among others, has implemented a peak season surcharge, while MSC has levied a $350 per TEU general rate increase from January 10.