MOL hikes Asia-southern Africa rate US$250 per TEU from May 15
JAPANESE shipping giant MOL Liner has announced a rate increase of US$250 per TEU and $500 per FEU from May 15 on all cargo from Asia to southern Africa.
"This GRR [general rate restoration] action is essential for us to sustain our service level," said a statement from the company.
For the purposes of the announcement, Asia includes the Indian subcontinent and the Middle East. Southern Africa includes South Africa, Lesotho and Zimbabwe.
JAPANESE shipping giant MOL Liner has announced a rate increase of US$250 per TEU and $500 per FEU from May 15 on all cargo from Asia to southern Africa.
"This GRR [general rate restoration] action is essential for us to sustain our service level," said a statement from the company.
For the purposes of the announcement, Asia includes the Indian subcontinent and the Middle East. Southern Africa includes South Africa, Lesotho and Zimbabwe.