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

Asia-Pacific requires $8.4T funding to meet its transport needs

Asia and the Pacific will require US$8.4 trillion in financing by 2030 to meet its transport needs, said the Asian Development Bank (ADB). Takehiko…

Singapore Customs opens first training school

Singapore Customs on February 9 unveiled the Singapore Customs Academy, its new training institute for customs matters, to mark International Customs Day. The Singapore…

TSA lines simplify fuel surcharge structure

Beginning January 1, 2013, intermodal freight shippers in the Asia-U.S. container trade will begin paying a single, consolidated bunker surcharge that incorporates components for…

PH rules on operation of customs facilities, warehouses proposed

The draft order that provides guidelines for the establishment, operation, supervision, and control of customs facilities and warehouses (CFWs) in the Philippines has been…