COSCO raising Asia-Middle East rates

Friday, April 13, 2012

COSCO Container Lines said this week it plans to hike rates and introduce surcharges on trades from the Far East to the Middle East. The measures include a $300-per-TEU rate increase on both May 1 and May 15 for westbound shipments to the Persian Gulf, and a $100-per-TEU increase from May 1 eastbound from the Persian Gulf to the Far East. Meanwhile, COSCO will also assess a $300-per-TEU peak season surcharge from May 15 on eastbound shipments to Red Sea ports. The sur...

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