Home » Breaking News, Maritime » Zim to hike Asia-Europe freight rates in July

Zim Integrated Shipping Services will implement general rate increases (GRIs) in the Asia-Europe trades effective July 1.

The Israel box ship will impose an additional US$515 per 20-foot equivalent unit (TEU) on the Asia-Europe lanes excluding the Indian Subcontinent.

Affected are all westbound cargo shipped from Asia to North Europe (including Scandinavia and the Baltics), West and East Mediterranean (including Israel), and the Black Sea region.

A rate increase of $200 per TEU and $250 per 40-foot equivalent unit also will be applied from the Indian Subcontinent to North Europe, West and East Mediterranean, and the Black Sea.

These increases are necessary to maintain current levels of service and high reliability, Zim, the world’s 16th largest carrier, said in a June 7 statement.

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