Hyundai raises U.S. exports rates to Europe
Hyundai Merchant Marine said Tuesday it will raise rates on U.S. export containers to northern Europe beginning Jan. 1.
The increase affects dry and reefer shipments to all northern European, U.K., Scandinavian and Baltic ports. Rates will rise $400 per 20-foot container and $500 per 40-foot container.
'2009 had an unheard of and unprecedented reduction in both freight rates and cargo volumes,' said David Kalata, vice president of transatlantic trade at Hyundai. The general rate increase 'is necessary to maintain operational capability and schedule integrity in the transatlantic services.'
Hyundai raises U.S. exports rates to Europe
