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Maersk announces general rate increases starting from July 1

Maersk announces general rate increases starting from July 1

Fuel costs, export demand and a weak American dollar lead to rate increases effective July 1, 2008, Maersk Line announced today.
As a result of increasing costs associated with the growing North American export trade, Maersk Line will enact general rate increases for export cargo from the United States and Canada, effective July 1, 2008.
This will include trade routes for the Transatlantic (ATL), Mediterranean (MED), and Middle East Container Line (MECL) for dry commodities, excluding military shipment.
In addition, a general rate increase will impact refrigerated cargo destined to all ports in the Far East, Mid-East, Mediterranean, Black Sea, North Europe, and Baltic's (excluding fruit, fresh produce and Alaska origin cargo) effective July 1, 2008.
The weak dollar has driven export volume to surge 22% since last year, Maersk said. The significant demand for agricultural products by global markets translates into equipment demand in the U.S. heartland. High fuel costs and equipment repositioning expenses are required to move the empty containers from the coastal port and metropolitan areas where the imports are received, it added.
"With the rapid increase of the North American export market, growing equipment costs and availability challenges, as well as ever-increasing fuel costs, a general rate increase on North American export cargo is necessary reality," said Robert Kledal, senior vice president of Route Management for Maersk Line. "Our customers will receive the excellent end-to-end service reliability and customer service with which they are accustomed when shipping with Maersk Line."
Maersk said effective July 1, rate increases for 20-foot containers will range from US$120 to US$400 depending on the destination and trade route. For 40-foot standard, high-cube and 45-foot containers, increases will range from US$150 to US$400 per container. Refrigerated cargo, shipped in 40-foot high-cube refrigerated containers will sustain a US$500 per container increase for most commodities, with minor differences from Canada.


Updated : 2021-05-09 14:16 GMT+08:00