Zim Integrated Shipping Services will raise its rates on westbound trade from the Indian subcontinent to Europe by $750 per 20-foot container, starting March 1.
The increase will apply to all cargo moving from any port in the subcontinent to North Europe, the Mediterranean (including Israel) and the Black Sea region.
The subcontinent region includes India, Pakistan, Sri Lanka and Bangladesh.
Other carriers that plan to apply similar increases effective March 1 include Maersk Line, Hapag-Lloyd, OOCL, Mediterranean Shipping, MOL, Hanjin and United Arab Shipping.
The Journal of Commerce Online |