Maersk Line said Monday it plans to hike westbound Asia-Europe rates significantly from March 1.
The increase, $775 per TEU for dry or reefer cargo, is applicable to Northern Europe and Mediterranean destinations.
Rates on the westbound Asia-Europe trade suffered throughout 2011, with some analysts estimating that base rates went lower than they did in 2009. In March, a host of new alliances on the trade are due to start, potentially reshaping the capacity-demand equilibrium.
Maersk to hike Asia-Europe rates
