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Europe/South America carriers raise southbound rates

Europe/South America carriers raise southbound rates

   Members of the European/South Pacific & Magellan Freight Conference, a carrier group in the Europe/West Coast of South America trade, said they will increase southbound freight rates, effective Mar. 1.

   The rate increases will be 150 euros or $200 per 20-foot container. The conference said it will increase rates further on June 1 and Oct. 1.

   “The sharply rising system costs, especially charter hire ' have rendered these increases absolutely necessary,” the conference said in a statement.

   European/South Pacific & Magellan Freight Conference carriers are CMA CGM, Compania Sud Americana deVapores, Hamburg Sud, Hapag-Lloyd, “K” Line and P&O Nedlloyd.

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