Hanjin announces Asia-Europe rate hike

Transportation

Tuesday, November 20, 2012

Ocean carrier Hanjin Shipping said it will increase Asia-Europe freight rates on Dec. 16 "to cover the losses caused by the falling freight rates and maintain the quality of its services." The increase of $600 per 20-foot container and $1,200 per 40-foot box covers cargo moving from the Far East, Southeast Asia, Middle East and Indian subcontinent to North Europe, Baltic, Scandinavian and Mediterranean destinations. - Chris Dupin ...

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