Hanjin to raise Asia/Europe rates
Hanjin Shipping said Thursday it is raising rates on trade from Asia to Europe, effective May 15.
The increases are $200 per TEU from the Far East (excluding Japan) to all parts of Europe and $150 per TEU from Southeast Asia, the Indian Subcontinent, and the Middle East to Europe.
'Despite our utmost efforts to reduce costs, it is inevitable for us to restore rates in order to maintain service quality and schedule reliability in the midst of hiking operation expenses,' the line said.
Hanjin to raise Asia/Europe rates
