Up next

Zim Integrated Shipping Services has announced a general rate increase (GRI) in the Asia-South America East Coast trade effective August 1, 2011.

The Israel-based carrier said the GRI is $600 for all cargo per 20-foot container and $1,200 for all cargo per 40-foot container.

In a statement, Zim, one of the world’s biggest container-shipping companies, said the rate increase was necessary “in view of market conditions and current unsustainable rate levels.”

You May Also Like

Hapag-Lloyd pushes up Asia freight rates

Hamburg-based Hapag-Lloyd has scheduled general rate increases from East Asia to Latin America and the Caribbean to take effect in the middle of July.…
  • June 14, 2013
  • 1 minute read

ICS asks IMO to set CO2 reduction goals for shipping sector

The International Chamber of Shipping (ICS) will urge the International Maritime Organization (IMO) to “adopt some dramatic CO2 reduction objectives—on behalf of the international…
  • May 24, 2017
  • 3 minute read

Improved incentive package eyed to boost domestic shipping, shipbuilding

The Maritime Industry Authority (Marina) has committed to formulating an attractive financing scheme and reviewing existing incentive programs for players in the domestic shipping…
  • March 6, 2019
  • 2 minute read

PH ports handle 6.4% more cargo volume in Q1

Cargo volume handled by Philippine ports grew 6.4% to 59.285 million metric tons (mt) in the first quarter of 2019 from 55.702 million mt…
  • May 13, 2019
  • 2 minute read