A general rate restoration on the Asia-westbound trades is scheduled for implementation early next year, announced Zim Shipping Integrated Services.

The new freight rates will take effect from January 10, 2013.

“This update is necessary in order to maintain our current levels of service and high reliability,” the Israeli shipping line said in a December 19 online statement.

A rate increase of US$350 per 20-foot-equivalent unit awaits all cargo that originate from all Asian ports, including the Indian Subcontinent, and are bound for  the west.

Destinations covered are North Europe, Scandinavia, Baltic, Adriatic, West Mediterranean, East Mediterranean (including Israel), and the Black Sea.

 

Photo courtesy of Zim

You May Also Like

PPA eyes overhaul of neglected Malalag Port

The Philippine Ports Authority (PPA) plans to start modernizing Malalag Port by yearend, with an initial project cost of P500 million, following its takeover…

Union walkout leaves 14,000 PAL passengers stranded

Members of the Philippine Airlines Employees Association (PALEA) paralyzed operations of Philippine Airlines (PAL) on Tuesday after they staged a walkout to protest an…

BOC details steps for freight transfer to CY/CFS, bonded warehouses

Customs Commissioner Alberto Lina on June 2 signed Customs Memorandum Order (CMO) No. 13-2016 which seeks to implement provisions of CMO 43-2010 and institute…

ASEAN to double efforts to achieve EU free trade and RCEP pacts

Economic ministers from the Association of Southeast Asian Nations (ASEAN) are determined to see through two major free trade agreements, one with the European…