FEFC SEEKS TO RESTORE RATES ON NORTH EUROPE, MED TRADES

FEFC SEEKS TO RESTORE RATES ON NORTH EUROPE, MED TRADES    The Far Eastern Freight Conference said member carriers intend to raise rates for shipments to North Europe and Mediterranean ports by $200 per 20-foot container and $400 per 40-footer, effective April 1.
   The 'rate restoration' will cover shipments from all Far East ports, including Hong Kong, Macau and China, the FEFC said.
   FEFC member carriers are APL; CMA CGM; Egyptian International Shipping Co., Egyptian Navigation Co., Hapag-Lloyd Container Line, Hyundai Merchant Marine, 'K' Line, Maersk Sealand, Malaysia International Shipping Corp., Mitsui O.S.K. Lines, National Shipping Co. of Saudi Arabia, Nippon Yusen Kaisha, Orient Overseas Container Line, P&O Nedlloyd, and Yang Ming Transport Corp.