Home » Breaking News, Maritime » MSC poises rate hikes on Europe-Far East/Middle East trades

Mediterranean Shipping Company (MSC) announced general rate increases (GRIs) for the Europe-Far East and Middle East trade lanes effective February and March 2012.

From February 1, all waste from Europe (NWC, UK, Scandinavia, Baltic, European Russia, West Mediterranean, Adriatic, East Mediterranean, Turkey,Greece and Black Sea) to the Far East and Middle East (except Iran) will carry a rate increase of US$100 per container dry van.

On the same date, all cargo, including waste, from Europe to Iran will have a GRI of US$100 per container dry van, and $200 per container special (open top, flat rack, platform, reefer).

From February 10, rates of all cargo FAK and metals (excluding waste) from WC, UK, Scandinavia, Baltic and European Russia to the Far East will go up by $100 per 20-foot equivalent unit (TEU) of container and $150 per 40-foot equivalent unit (FEU). For container special, the new rate will be $200 higher.

From February 15, rates of all cargo from NWC, UK, Scandinavia, Baltic and European Russia to the Middle East except Iran will be higher by $50 per TEU, $75 per FEU and $200 per container special.

From March 1, all cargo, including waste, from Europe (NWC, UK, Scandinavia, Baltic, Russia, West Mediterranean, Adriatic, East Mediterranean, Turkey,Greece and Black Sea) to the Far East and Middle East including Iran will rise by $100 per TEU and $200 per FEU.

 

Photo by Alan Stanton

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