Hanjin hikes Asia/Europe, transatlantic rates

Hanjin hikes Asia/Europe, transatlantic rates
   Hanjin Shipping said Thursday it is raising rates on the Asia/Europe and transatlantic trades beginning April 1.
   The Asia/Europe increases are in line with a plan the liner carrier laid out in December to restore rate levels in a series of increases throughout 2011. The line said rate increases were 'inevitable' due to climbing operating costs.
   The increases are:
   ' $200 per TEU from the Asia (except Japan) to Europe.
   ' $300 per TEU from Japan to Europe.
   ' $100 per container from Europe to the Far East, Middle East, Indian Subcontinent and Australia.
   ' $300 per 20-foot container and $400 per 40-foot container in both directions on the transatlantic.