From September 1, Denmark-based Maersk Line will enforce a general rate increase on cargo moving from the Indian subcontinent and the Middle East to Europe.

The planned rate increase will be $200 per 20-foot equivalent unit (TEU) and $400 per 40-foot equivalent unit.

The increase is above the $250 per TEU rate increase the carrier applied on the same route from July 1.

You May Also Like

Vehicle dock to be built at Indonesia’s Kalibaru Port

Indonesia Port Corporation (IPC), formerly Pelindo II, will build a 400-meter dock at the planned Kalibaru Port for the loading and unloading of vehicles to…

Drewry: economies from mega ships offset by higher port, landside costs

A new study suggests that the economies of scale being derived from mega container ships are fast reaching their peak in terms of benefits…

BOC undeterred by TRO issued in Mighty tax evasion case

The Philippine Bureau of Customs (BOC) said it remains firm in its position to intensify operations against importers and manufacturers of smuggled and fake…

April 1 truckers’ planned protest vs some foreign carriers on hold

The Alliance of Truckers and Customs Brokers has temporarily suspended its April 1 protest plan that would have stopped its members from accepting and…