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MSC raises U.S./West Med rates

MSC raises U.S./West Med rates

      Mediterranean Shipping Co. on Friday announced a general rate increase on the U.S.-to-western Mediterranean trade, effective July 1.

      The increase will be $250 per 20-foot container and $350 per 40- footer, applicable for all shipments from the United States to Italy, Spain, Portugal, Croatia, Slovenia, Montenegro, Albania, Canary Islands and the south of France (Fos, Montoir and Le Verdon).

      MSC said the increases were needed because 'freight rates are at levels that are no longer sufficient given current demand and costs.'