Hanjin Shipping is restoring freight rates in Asia – Europe trade effective December 14th, 2009. The amount of rate restoration for all shipments from Asia (Far East, South East, and IPBC) to North Europe/Mediterranean is USD200 per TEU, USD 400 per FEU, and the Middle East to North Europe/Mediterranean is USD 150 per TEU and USD 300 per TEU.

Hanjin Shipping comments, “Though we are trying to reduce costs by all
means it is inevitable for us to restore freight rates in order to
maintain the quality of service to our customers.”

Details of the rate restoration are as below:

< Rate Restoration > (Unit: USD)

- Far East/South East Asia/IPBC to North Europe/Mediterranean : USD 200/TEU, USD 400/FEU

- Middle East to North Europe/Mediterranean : USD 150/TEU, USD 300/FEU

* Effective December 14th, 2009

* All container types including dry, reefer, special, etc.

Source: Hanjin Shipping

Search to find what you want

• Hanjin Shipping rates again in Asia – Europe trade

     Hanjin Shipping is restoring freight rates in Asia – Europe trade effective December 14th, 2009. The amount of rate restoration for all shipments from Asia (Far East, South East, and IPBC) to North Europe/Mediterranean is USD200 per TEU, USD 400 per FEU, and the Middle East to North Europe/Mediterranean is

• CMA CGM hike prices on Major Lanes

     CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1. Effective March 1, from North Europe to the Far East, the rate for all paper and plastic waste commodities will increase

• MSC hikes rates from Asia to Europe

     Mediterranean Shipping Company will raise rates and bunker charges on freight from Asia to Europe, effective April 1. The company has announced it would continue its “rate restoration program” by applying an increase of $300 per 20-foot equivalent unit to all cargo from South East Asia, China, Hong Kong, Korea and

• Container shipping freight rates raised

    Container shipping freight rates on most routes are set to rise with shipping lines announcing various hikes effective from mid-January and February, analysts and brokers said. “Despite weak demand for ships, the shipping lines declared freight hikes to earn more from whatever cargo is available now,” said Kishore Parekh, overseas

• Hanjin Increases Asia-Europe Rates

     Hanjin Shipping has joined Maersk Line, Evergreen, Mediterranean Shipping Co. and other major shipping lines in announcing that it will raise its eastbound freight rates on Asia-Europe trade lanes. The South Korean liner company said it will post an increase of $200 on 20-foot containers and $400 on 40-foot containers for

• Zim raising interest rates in Asia-Europe Trade

     Zim said it will implement a general rate increase Oct. 1 from Asia and the Indian Subcontinent of $250 per TEU to North Europe and the West Mediterranean and, $200 per TEU to the East Mediterranean, Black Sea and Adriatic. American Shipper

• CMA CGM hikes prices on India / Pakistan-Europe route

     CMA CGM has announced a restoration of freight rates between India/Pakistan and Europe. New rate increases will apply to all cargo and commodities moving westbound and eastbound between India, Pakistan, Europe and the Mediterranean, effective October 1, 2009. The increase quantum from India/Pakistan to Europe and the Mediterranean will be US$250 per

• SCI plans to hike freight west bound trade

    The Shipping Corporation of India (SCI) proposes to hike freight rate on the west-bound trade from India to Europe as part its rate restoration initiative, according to shipping industry sources. Effective March 1, the proposed increase will be $250 a TEU and will apply to all cargoes moving from India

• OOCL announced rate increases and peak season surcharge on Europe Australia and New Zealand Services

    In order to maintain and strengthen the high level of service quality and a comprehensive global liner network for all of our customers, OOCL will introduce a rate restoration programme. With effect from March 1, 2010, freight rates from North European, Mediterranean and Black Sea ports to Australia and New

• MSC to raise the Trans-Atlantic Import Prices Twice

     Mediterranean Shipping Company posted a two-stage general rate increase for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico. The carrier said it will implement a Dec.

• Evergreen represents Europe-to-Asia-price

     Evergreen Line said it will raise rates $100 per container on eastbound services between Europe and the Mediterranean to the Far East, including Japan and Australia, and the Indian Subcontinent. ? The company said the general rate restoration program was needed to maintain reliable service and would go into effect Dec. 1

• SCI-Europe-India to hike prices

    State-owned Shipping Corporation of India will seek a rate increase on the westbound trades from India to Europe, as part of what it called a rate restoration program. Effective March 1, the planned increase will be $250 per 20-foot equivalent unit. The rate increase applies to all cargo moving from

• Evergreen Line announced restoration rate for the Far East in the Middle East, Red Sea and ISC

    In a continued effort to provide our customers with the reliable and efficient level of service, Evergreen Line decides to implement the Rate Restoration programme as following details for Far East to Persian Gulf, Red Sea and ISC. Service Scope :
From Far East to Middle East ??? Effective Date :

• ZIM increase over the Suez –

     ZIM has announced that it will implement a general rate increase in cross-Suez trade effective March 1, 2010. From Asia to North Europe and the West Mediterranean the cost will be US$350 per TEU and from Asia to East Mediterranean, the Black Sea and the Adriatic, $300 per TEU. Cargonews Asia

• Hanjin Shipping plans increase fuel charge

     Hanjin Shipping is introducing a rate restoration program for the Trans-Atlantic trade effective September 1st, 2009. The amount of rate increase for all shipments between Europe and North America in both directions is USD 150 per TEU and USD 225 per FEU. Hanjin Shipping comments that despite the company’s continuous efforts to