Hapag-Lloyd Hikes India Rates
Hapag-Lloyd will raise freight rates on two major trade lanes covering the Indian Subcontinent, starting in April. A planned rate increase on the eastbound trades from Europe to the Indian Subcontinent will be $125 per 20-foot equivalent unit, effective April 15. The increase will apply to all cargo moving from North Europe, the East/West Mediterranean and the Black Sea to ports in India, Pakistan, Bangladesh and Sri Lanka.
The German carrier will also increase rates on cargo shipped from East Asia (excluding Japan) and Oceania to the Indian Subcontinent and the Middle East. Effective April 1, the increases will be $100 per TEU for shipments to the Indian Subcontinent; $150 per TEU for shipments to the Persian Gulf; $100 per TEU for shipments to the Red Sea (Jeddah, Aqaba, Sokhna, Port Sudan and Hodeidah).