MOL hikes Asia-South America rate US$750/TEU - $1,500/FEU next month
JAPAN's Mitsui OSK Lines (MOL) will increase freight rates US$750 per TEU and $1,500 per FEU, $1,000 per 40 foot reefer and dry container (RAD) container on cargo from Asia to the east coast of South America from September 1.
MOL said it was launching the "General Rate Restoration", levying the increase based on current market situation and vessel utilisation.