Home » Breaking News, Maritime » MSC implements rate hikes on Asia-Latin America and Caribbean loops

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.


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