COSCO Container Lines said Friday it plans to raise rates on shipments from the Far East to the Middle East, starting March 1.
The increases are $300 per TEU on shipments to the Red Sea, and $500 per TEU on shipments to the Persian Gulf. The increases are applicable to origins in China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.
COSCO boosting Asia-Mideast rates
