MSC hikes US export rates
Mediterranean Shipping Co. will increase rates on exports from all the U.S. ports it serves as of May 1.
The increases follow the uptick in demand for space on outbound vessels since the beginning of the year, which has not been met by any increases in the availability of space for exports.
The destinations and the increases on each of those ports are as follows:
The rate on export cargo shipped from all U.S. ports to ports in Northern Europe will increase by $200 per 20-foot equivalent unit and $300 per 40-foot equivalent unit.
Rates on exports to ports in the Baltic and Russia will increase by $300 per TEU and $400 per FEU.
Rates to ports in the Western Mediterranean will increase by $200 per TEU and $300 per FEU.
Rates to India, Pakistan, the Middle East and the Red Sea will go up $200 per TEU and $300 per FEU.
Rates to the Eastern Mediterranean, the Black Sea and West and North Africa will increase by $200 per TEU and $300 per FEU.
MSC said in its announcement that it ?sees the increases as necessary in order to continue to ensure equipment availability and reliable services.?