UASC to increase rates on Asia-North Europe cargo US$910/TEU July 1

UASC to increase rates on Asia-North Europe cargo US$910/TEU July 1 UNITED Arab Shipping Company will increase rates US$910 per TEU for dry and refrigerated cargo from Asia to North Europe, effective July 1.

Maersk Line, Mediterranean Shipping Co (MSC), Hapag-Lloyd and OOCL will also increase rates from Asia-to-North Europe rate starting July 1, despite recent declining rates in the trade lane.