Newsflash: Maersk upping ante in reefer business

Tuesday, September 25, 2012
   Maersk Line Chief Executive Officer Soren Skou said Tuesday at a refrigerated logistics conference in Antwerp that his company plans to hike reefer rates by roughly 30 percent on a global basis from Jan 1, 2013.    The increase, which translates to $1,500 per FEU on average globally, is necessary to account for stagnating rates on reefer trades despite growing costs to manufacture reefer boxes and operate reefer services, Skou said.    The announcement comes after a period i...
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