The liner carrier MOL said Thursday it will join with Maersk Line and the Transpacific Stabilization Agreement members in seeking rate hikes for refrigerated cargo from Jan. 1.
MOL, which left the TSA in 2009, plans to raise rates on a global basis by $1,500 per container, in line with increases announced by Maersk in September. Maersk’s decision to raise rates globally by roughly 30 percent has seen other lines follow its lead, as the industry tries to extract more revenue and profit from the higher-cost reefer business.
MOL said the rate hike will go into effect earlier on reefer cargo moving from east and west coasts of South America to Asia. The increase is applicable from Dec. 1 on that trade.
TSA said Oct. 31 that it was recommending its members raise eastbound transpacific reefer rates on Jan. 1 by $1,500 per FEU. - Eric Johnson