Maersk ups rates US$250/TEU-$500/FEU Mideast/South America

MAERSK Line will increase it rates from all points in the Middle East and Indian subcontinent, (outside of Iran) to west coast of South America and Central America (excluding Cuba) to US$250 per TEU and $500 per FEU with routes on to Cuba and from Iran to the west coast to rise $200 per TEU and $400 per FEU.

The rate increases are effective September 1 with a possible heavyweight surcharge to be decided in August on all shipments from Europe, Middle East and India to all destinations in Australia and Pacific Islands, reports American Shipper.

The surcharge will come in at EUR250 (US$325) for TEU weighing 10 to 14 metric tons and EUR350 for those containers weighing over 14 metric tons.
(Source:www.schednet.com)