Hapag-Lloyd, Evergreen Line hike India rates

Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand.

Effective May 1, the planned increase will be $300 per 20-foot equivalent unit.
In related news, Evergreen Line will seek a new GRI on the westbound trades from the Indian Subcontinent to Europe and the Mediterranean.

Rates for all cargo on Evergreen, including reefer, will increase by $225 per 20-foot container, $450 per 40-foot container and $550 per 40-foot high cube container, also effective May 1.

This is the fourth GRI that the Taiwan-based carrier has announced this year on the same route. It applied increases of $400 per TEU, $800 per FEU and $800 per 40-foot high cube container, as of April 1.

Source: http://www.joc.com