MSC hikes rate on North America to Europe/Med containers

MEDITERRANEAN Shipping Company SA (MSC) has unveiled plans to introduce a General Rate Increase (GRI) for exports from North America to Europe and the Mediterranean from April 1.

The company said in a statement that this increase is "necessary to preserve the existing comprehensive range of services it provides in these areas as well as to advance freight rates towards a sustainable level. "

The rate increases are as follows: from Canada to the northwest continent and UK, including Scandinavia and the Baltic region, the rates will be increased by US$200 per TEU by $350 per FEU.

From Canada to the west Mediterranean rates will be increased by $200 per TEU and $350 per FEU.

From the US to the northwest continent and the UK, including Scandinavia and the Baltic region, rates will be increased $150 per TEU and $250 per FEU.

From the US to the west Mediterranean rates will rise $150 per TEU and $250 per FEU.

From Mexico to the northwest continent and the UK, including Scandinavia and the Baltic region, rates will go by $150 per TEU and by $250 per FEU.

From Mexico to the west Mediterranean rates will increase US$150 per TEU and $250 per FEU.

Source: www.schednet.com