EMIRATES Shipping Line has announced plans to introduce a General Rate Increase on its services from the Far East and South East Asia to East Africa, the Indian Subcontinent and the Middle East.

The Dubai-registered carrier said in a statement that the move is in light of recent market developments and in line with market conditions.

From June 1, it will raise the freight rate on its Far East and South East Asia to East Africa trade lane by US$250 per TEU.

On the same date it will increase the freight rate for its container shipping services from the Far East and South East Asia to the Indian Subcontinent by $200/TEU. This will be followed by a second GRI of $150 applicable to this trade lane on June 15.

Likewise, a GRI of $400/TEU on June 1 will be levied on its services from the Far East and South East Asia to the Middle East, followed by a second rate hike of $300/TEU on June 15.