German box ship liner Hapag-Lloyd will implement a general rate increase (GRI) on the East Asia-North Europe trade lane from November.
The GRI will begin on November 1, 2013 and cover all cargoes and container types from East Asia (except Japan) to all North Europe and Mediterranean destinations (West Mediterranean, East Mediterranean, Black Sea, and North Africa).
The rate hike is US$1,000 per 20-foot equivalent unit (TEU).
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 Hamburg-based shipping line is also set to raise rates effective October 24, 2013 for all cargo and container types from Northeast Asia to Australia by $400 per TEU. Northeast Asia consists of Korea, China, Hong Kong, and Taiwan.
Photo: KlausNahr
