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Article: Rates for Asia-Europe container shipping to rise 30% from August.(Brief article)
- Article from:
- The Taiwan Economic News
- Article date:
- July 27, 2009
CopyrightCOPYRIGHT 2009 China Economic News Services. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Taipei, July 27, 2009 (CENS)--From the beginning of August, Taiwan-based container freighters, including Evergreen Marine Corp., Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd., will raise container shipping rates for the Asia-to-Europe routes by 30%, or US$300 per twenty-foot equivalent unit (TEU).
The hike in freight rate includes peak-season services and emergency fuel surcharges. At present, the freight rate for the Asia-to-Europe routes is between US$750 and US$850 per TEU. With the addition of the surcharges, the freight rate will jump to over US$1,000 per TEU, close to the costs of between US$1,200 and US$1,300 per TEU. Raising rates is expected to ...