COSCO sets rate hike for cargo moving from Asia to Europe

Middle East

Thursday, March 21, 2013

Chinese liner carrier COSCO has announced a general rate increase of $475 per TEU for all shipments from Far East (excluding Japan) and the India and Pakistan region to Northwest Europe and the Mediterranean (including Israel, Lebanon, Syria, North Africa and West Africa Region), effective April 15. COSCO also said it will increase rates on April 15 for shipments from the Far East to the Red Sea and Persian Gulf by $300 per TEU and from the Far East t...

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