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Hapag hikes Asia Europe rate US$1,000 July 9, Cosco boosts rate July 1

Time：2014-06-12 Browse：141 Author：RISINGSUN

GERMANY`s Hapag-Lloyd said it will increase rates from the Far East to North Europe and the Mediterranean by $1,000 per TEU on July 9.

China`s Cosco has announced a general rate increase for dry and reefer cargo moving from the Far East and Indian subcontinent to all US and Canadian destinations from July 1.

The increases are $240 per TEU, $300 per FEU, $338 for 40-foot high-cube, and $380 for 45-footers to the west coast of North America.

For intermodal cargo via west coast port destined beyond California, Oregon and Washington and all-water boxes bound for US east and Gulf ports, rates will rise $300 per TEU, $400 per FEU, $450 per 40-foot high-cube and $506 for 45-footers.