COPENHAGEN’s Maersk Line plans to raise Asia-northern Europe rates US$1,000 per TEU from November 1, the company announced in a notice to trade, said Reuters.

 

The rate hike is 429 per cent more than current levels. According to the Shanghai Containerised Freight Index, rates from Asia to Europe stood at $233 per TEU – well below the loss-making level.

 

Source: Asian Shipper