Hapag-Lloyd will increase the rates for its East Asia-Red Sea and Arabian Gulf destinations from September.
The German box carrier said a rate hike of US$300 per TEU (20-foot-equivalent unit) will be imposed on all cargoes and container types from East Asia (excluding Japan) to the Red Sea with effect from September 1, 2013.
Additionally, freight rates for all cargoes and container types from East Asia (excluding Japan) to the Arabian Gulf will be boosted by $300 per TEU effective September 1, 2013.
East Asia is comprised of Japan, Korea, Taiwan, Hong Kong, China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific Ports of Vladivostok and Vostochny.
The Red Sea is defined as the ports of Jeddah, Aqaba, Sokhna, Port Sudan, and Hodeidah.
The Arabian Gulf covers the ports in the United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Qatar, and Saudi Arabia (Dammam and Riyadh via Dammam).
