JAPANESE shipping line MOL has announced that it is implementing a rate restoration programme on trade lanes from Northeast Asia, including Korea, Taiwan, China and Hong Kong to Australia, effective from September 1 in order to "maintain a high standard of service to customers."
All outward shipments - both dry and refrigerated cargo - with origin in Korea, Taiwan, China and Hong Kong to ports and points in Australia will be subject to an increase of US$300 per TEU and $600 per FEU in the base ocean freight, a company statement said.
"This increase will apply in full on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment," the carrier said.
