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Hapag-Lloyd hikes rates for India-Europe, Japan-Arabian Gulf June 1

HAMBURG-based Hapag-Lloyd has announced it will impose a new round of rate increases for shipments from India and Pakistan to north Europe and the Mediterranean as well as from Japan to Arabian Gulf from June 1.

Hapag-Lloyd hikes rates for India-Europe, Japan-Arabian Gulf June 1
23 May 2012 - 22:18

HAMBURG-based Hapag-Lloyd has announced it will impose a new round of rate increases for shipments from India and Pakistan to north Europe and the Mediterranean as well as from Japan to Arabian Gulf from June 1.

An increase of US$200 per TEU will be applied to services from India and Pakistan to north Europe and the Mediterranean, covering all shipments from India's west coast ports of Nhava Sheva (Jawaharlal Nehru) and Mundra to ports in north Europe, east and west Mediterranean, Black Sea and north Africa.

An increase of $500 per TEU will be imposed for service between Japan and the Arabian Gulf, comprising the United Arab Emirates, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar and Saudi Arabia (Dammam and Riyadh via Dammam).

The German carrier has also announced an "emergency fuel surcharge" of $150 per TEU on the same date for both dry and refrigerated cargo on service from India to north Europe and Mediterranean.

Hapag-Lloyd said the surcharge will be revised on a monthly basis in line with its bunker charge.

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