Rate increases on North America to Far East trade

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

29 Dec 2007

Maersk Line will be implementing a general rate increase (GRI) on from the United States and Canada to Brunei, Cambodia, China, Hong Kong, Indonesia, Japan, South Korea, Laos, Macau, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, and Vietnam. The increase will apply to all cargo under Maersk Line independent tariffs and service contracts as agreed with our customers individually. The level of increase will be USD 160 per 20' (dry), USD 200 per 40' (dry and high cube), and USD 220 per 45' high cube container, and will be effective from 1 January 2008. The GRI is a direct result of the high fuel costs as well as the strong export market growth to the Far East resulting in a continuous pressure on equipment and space in key export origin locations.