Post by dockworker on Mar 10, 2009 7:22:14 GMT -5
Maersk Seeks More Rate Increases
Peter T. Leach | Mar 9, 2009 1:40PM GMT
The Journal of Commerce Online - News Story
Despite overcapacity, carrier claims higher rates necessary
Maersk Line took steps March 9 to seek increases in freight rates on several more of its trade lanes.
The ocean carrier is seeking general rate increases for all cargo from Asia to Europe and for cargo on eastbound services from Northern Europe, North Africa and Mediterranean to the Middle East and South Asia:
The increases are the latest in a series of GRIs that the Danish carrier filed earlier this month on other trade lanes, including those between Europe and the Middle East, between Asia and Oceania and between Asia and Latin America.
Whether the rates will stick or not is open to question in view of the enormous overcapacity of vessel space that still hangs over the main east-west trades despite the idling of ships.
The Danish carrier said rate increases are necessary to continue to operate its services with a high level of reliability.
On the trade between Asia, North Europe and the Mediterranean Maersk said it will implement increases on all types of containers in two stages. It said it will also increase the rates it charges for inland delivery, but did not specify what those will be.
Effective April 1 it will implement the following increases (except for Taiwan):
$250 per TEU/main port.
$300 per TEU/out port.
Effective July 1, the increases are as follows
$300 per TEU/main port.
$350 per TEU/out port.
On the trade between Taiwan, North Europe and the Mediterranean, it will implement the following increases:
$250 per TEU/main port, effective April 9;
$300 per TEU/out port, effective April 9;
$300 per TEU/main port, effective July 1;
$350 per TEU/out port, effective July 1.
Peter T. Leach | Mar 9, 2009 1:40PM GMT
The Journal of Commerce Online - News Story
Despite overcapacity, carrier claims higher rates necessary
Maersk Line took steps March 9 to seek increases in freight rates on several more of its trade lanes.
The ocean carrier is seeking general rate increases for all cargo from Asia to Europe and for cargo on eastbound services from Northern Europe, North Africa and Mediterranean to the Middle East and South Asia:
The increases are the latest in a series of GRIs that the Danish carrier filed earlier this month on other trade lanes, including those between Europe and the Middle East, between Asia and Oceania and between Asia and Latin America.
Whether the rates will stick or not is open to question in view of the enormous overcapacity of vessel space that still hangs over the main east-west trades despite the idling of ships.
The Danish carrier said rate increases are necessary to continue to operate its services with a high level of reliability.
On the trade between Asia, North Europe and the Mediterranean Maersk said it will implement increases on all types of containers in two stages. It said it will also increase the rates it charges for inland delivery, but did not specify what those will be.
Effective April 1 it will implement the following increases (except for Taiwan):
$250 per TEU/main port.
$300 per TEU/out port.
Effective July 1, the increases are as follows
$300 per TEU/main port.
$350 per TEU/out port.
On the trade between Taiwan, North Europe and the Mediterranean, it will implement the following increases:
$250 per TEU/main port, effective April 9;
$300 per TEU/out port, effective April 9;
$300 per TEU/main port, effective July 1;
$350 per TEU/out port, effective July 1.