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APL to raise freight rates

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30.05.2009 18:01

APL to raise freight rates

THE container shipping subsidiary of Singapore-based Neptune Orient Lines, APL, says it intends to raise freight rates in the Asia-Europe trade.

APL TO RAISE FREIGHT RATES

THE container shipping subsidiary of Singapore-based Neptune Orient Lines, APL, says it intends to raise freight rates in the Asia-Europe trade.

APL"s Vice President for the Asia-Europe Trade, Detlev Kerber, says: ?Despite the relative success of initiatives we implemented earlier this year, rates in the Asia-Europe trade are not even close to sustainable levels. We will be doing everything possible to ensure the latest rises are upheld.?

The latest move follows an initiative APL announced in February. For the eastbound Europe to Asia leg a per-container rise of US$100 will be placed on scrap commodities such as paper, which will be implemented on 1 June.

In the Westbound Asia to Europe trade lane there will be a rise of $300 per TEU for all freight to the Mediterranean and North Europe, which will come into effect on 15 June and 1 July 2009, respectively.

www.DenizHaber.Net

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