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 reduce costs, this rate restoration is inevitable in order to
maintain quality service to its customers under the current economic
climate. Additionally, in response to rapidly increasing fuel costs,
Hanjin Shipping will be introducing a fuel recovery charge (FRC) for
all shipments between North Europe and South America effective August
15th, 2009. The charge is USD 73 per TEU and USD 146 per FEU for
Northbound and EUR 55 per TEU and EUR 110 per FEU for Southbound.

Source: WWShipper

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• Hanjin Shipping is restoring freight rates in Asia…

    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

• 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

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    Hanjin Shipping has announced a rate recovery program for the Trans-Atlantic trade in the year 2010. The program, consisting of three quarterly rate restorations, will be applied to all shipments between North America, Northern Europe and the Mediterranean, both east and west bound. Details are as follows: < 2010 Trans-Atlantic

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• Hanjin, Maruba Join Trans-Atlantic Service

     South Korean carrier Hanjin and Argentina-based Maruba joined a combined service with CMA CGM, Hapag-Lloyd and Hamburg Sud between the East Coast of South America and northern Europe. The two latest carriers in the joint service hope to cut approximately 1,300 20-foot equivalent units of capacity by merging three slings

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     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

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• Box shipping conditions and migrated 30-40%

    Shipping lines have hiked container freight rates by 30-40 per cent in the Indian-Europe-US sector to capitalise on the recent rebound in demand and increase in trade. According to freight brokers, rates have been increased by $250-$300 for 20-ft containers and $300-600 for 40-ft containers

• Hanjin Shipping Expect A Change of Fortune container shipping business

    After their recently announced policy of rate restoration effective from this month on both Trans Atlantic and Trans Pacific routes Hanjin Shipping Line Chairwoman Eun Young Choi has expressed her confidence in the future of the container shipping industry during a statement made today at the launch of Hanjin Shipping

• Wan Hai, Hanjin cooperate on trans-Pacific service

    Wan Hai Lines and Hanjin Shipping will be cooperating in the Transpacific trade effective middle of March. SJX (South East Asia – Japan Express) service, launched by Hanjin Shipping last June, is a direct service between Vietnam and the US targeting the Vietnamese and South East Asian markets, which are

• Hanjin sees no upturn in the container shipping by 2011

    Korean shipping giant, Hanjin Shipping, expects little rebound in the container shipping until 2011, according to a Dynamar BV report. Having already lost its subsidiary, Senator Lines, earlier this year, it seems that Hanjin expects a long, hard road ahead before any sign of recovery appears. In recent weeks we