MSC to levy wide range of rate hikes on most trade lanes

GENEVA's Mediterranean Shipping Company (MSC) has announced a wide range of rate increases on most of its trade lanes to take effect in July.

From July 1, there will be an increase of US$250 per TEU on cargo from south east Asia, that is Thailand, Indonesia, Malaysia, Vietnam and Singapore bound for Australia. This will be followed by a July 15 increase on cargo from Asia for New Zealand of $250 per TEU, $500 per FEU and for 40-foot high cube.

From July 1, from north Europe to the United States, there will be increases of $300 per TEU and $400 per FEU.

From July 1, from Canada and the US to north Europe and the western Mediterranean, there will be an increase of $250 per TEU and $350 per FEU.

From July 1, cargo originating in the Mediterranean - defined as Italy, Spain, south of France and Portugal - and bound for the US, will face an increase of $300 per TEU and $400 per FEU while Israel cargo bound for the US, faces an increase of $300 per TEU and $400 per FEU.

From July 15, Asia cargo for the Indian subcontinent and the Middle East, will face an increase of $250 per TEU.
(Source:www.schednet.com)