Home » Breaking News, Maritime » Hapag-Lloyd says Far East rates to go up by March

Hapag-Lloyd announced it will increase its rates on the Far East westbound trade by US$750 per 20-foot equivalent unit.


Effective March 1, 2012, the new rate increases are applicable to all shipments from East Asia (excluding Japan) to all destinations in North Europe and the Mediterranean (excluding South and West Africa), the Germany-based Hapag-Lloyd said in a January 26 news release.

Far East Asia comprises Japan, Korea, Taiwan, Hong Kong, China, Macao, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei and the Pacific ports of Vladivostok and Vostochny in Russia.

North Europe comprises the North West Continent, the UK, Scandinavia, the Baltic and the European ports of Russia.

The Mediterranean comprises the West Mediterranean, East Mediterranean, Black Sea and North Africa.


Photo courtesy of Hapag-Lloyd

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