MOL ups east coast South America rate US$750/TEU on November 15
JAPANESE shipping giant MOL will levy a rate hike of US$750 per TEU and $1,000 on dry reefer boxes from Asia to the east coast South America to Asia from November 15.
"In order to sustain the high quality service level, MOL will implement a general rate restoration. We would like to express our sincere appreciation for your continued support and understanding," said the MOL statement.
This increase is addition to the one exacted on November 1, which applies on cargo from Asia, including the Indian subcontinent to the east coast of South America.