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

Manila truck ban pushing ‘a lot’ of PEZA locators to eye Batangas port

“A lot” of Philippine Economic Zone Authority (PEZA) locators are now eyeing Batangas port as an alternative to Manila port due to the truck…

PPA seeks expansion of roro ports

THE Philippine Ports Authority (PPA) has recommended the inclusion of 16 new links to the government’s flagship project, the Strong Republic Nautical Highway (SRNH)…

Bidding for 5 airport projects worth P108B postponed

The deadline for submitting bid proposals for five Philippine airport projects costing a total of P108.19 billion has been extended, according to the Department…