Mediterranean Shipping Company (MSC) announced a second-step general rate increase (GRI) for cargo on the Far East/Asia-Caribbean and Latin America trade lanes for all equipment types beginning January 5, 2012.

The rate increases are US$560 for every 20-foot container, $800 per 40-foot container, and $800 per 40-foot high cube.

The GRI coverage will include Panama, Central America East Coast and Venezuela, but exclude cargo from Taiwan to Colombia and Puerto Rico.

The rate hikes for Taiwan-Colombia/Puerto Rico cargo will be the same but will take effect on January 20, 2012, the Swiss shipping line said.

 

Photo by pmarkham

You May Also Like

CMA CGM swings to net loss of $30 million

CMA CGM, the world’s third largest container shipping group, reported a net loss of US$30 million in 2011, down from a profit of $1.6…

T.S. Lines, Cosco partner for China-SE Asia service

Hong Kong’s T.S. Lines has partnered with China’s Cosco Container Lines in launching a China-Southeast Asia (CSE) service from February 18 in expectation of…

Evergreen Line strengthens Far East-South America network

Taiwan’s Evergreen Line is joining forces with China’s Cosco Container Lines and Israel-based Zim Integrated Shipping Services to upgrade its Far East-South America (ESA)…

United sees business expansion

United is confident of growing its passenger and cargo businesses in the Philippines with the expected transfer of the US military base from Okinawa…