MOL to increase Asia-southern Africa rate US$150/TEU on October 15
JAPANESE shipping line MOL has announced a general rate restoration (GRR) on the Asia to southern Africa route that is to apply to all types of cargo, starting from October 15.
Containerised cargo transported from Asia, including the Indian sub-continent and the Middle East to the southern Africa, will be subjected to a rate increase of US$150 per TEU and $300 per FEU.
A company statement said the GRR is "essential for us to sustain our service level?