COSCO raising rates from Asia

   COSCO Container Lines has announced a series of planned rate hikes in major trades over the next few weeks.
   The increases are:

• $400 per TEU and a $300-per-TEU peak season surcharge from the Far East to the Persian Gulf on June 1.
• $200 per TEU from the Far East to the Indian Subcontinent.
• $600-per-FEU peak season surcharge from Asia to the United States and Canada (the fee is $480 for 20-foot containers, $675 for 40-foot high-cube containers, and $760 per 45-foot container). 
• $300-per-TEU peak season surcharge from Asia (including the Indian Subcontinent) to the Mediterranean (including Black Sea and North African ports).