Maersk hikes rates on India subcontinent trade

Maersk Line, the world’s largest container line, will slap a general rate increase from May 15 on its services between Far East and the Indian subcontinent.

The extent of increases will be US$150 for a TEU and $300 per FEU and high-cube 45-ft container, reported The Hindu.

Also, effective May 15, rates for services from the US to the Indian subcontinent (India, Pakistan and Bangladesh) will increase $150 for a container, irrespective of size and capacity.

Meanwhile, CMA CGM, France’s number one and the world number three container line, has announced rate increases of $200/TEU and $400/FEU on services from West Asia to the Indian sub-continent.

Between Latin America and India, the extent of increase will be $1,000/TEU. The revised rates are to come into force from May 5.

From May 1, the line effected “emergency rate restoration” of $385/TEU on shipments from Asia to Europe, including North Europe, Mediterranean and Black Sea ports.

Also from May 1, the rates on shipments between India and West Africa increased $150/TEU.

Cargonews Asia