MOL joins rate hikes, doubles Origin Documentation Fee

JAPANESE shipping giant MOL will implement a general rate increase of US$160 TEU and $200 per FEU as well as on 40-foot high cube boxes from June 1 on cargo from Canada to Asia, which includes west Asia and the Indian subcontinent.

"Please also be advised," said the MOL notice to trade, "that the Origin Documentation Fee, Canada to Asia, will increase from US$25 to US$50 per bill of lading from June 1.

Another increase on Asia-bound US cargo of $120 per TEU and $150 per FEU and on 40-foot high cube boxes was also announced. It too takes effect on June 1 and will apply to cargo from inland points, east or west coast ports,

The tariff includes west Asia, the Middle East, the Indian subcontinent and Oceania.

"Please also be advised that the Origin Documentation Fee for US to Asia will increase from $25 to $50 per bill of lading effective June 1," said the statement from the carrier.

Other lines are raising rates too, reports American Shipper, not only on the transpacific but in the European trades as well

The Mediterranean Shipping Co (MSC) said last week that it was raising rates from Asia to Europe beginning June 1.

MSC said it would introduce an "emergency rate restoration" of $300 per TEU on all cargo moving from ports in southeast Asia, China, Hong Kong and Japan to ports in the Mediterranean and northern Europe.

Cosco said it will start charging a $200-per-TEU peak season surcharge from May 15 on all shipments from the Far East to the Mediterranean and Red Sea ports.

(Source: www.schednet.com)