UASC raises rates, adds Asia/Med surcharge

UASC raises rates, adds Asia/Med surcharge    United Arab Shipping Co. said Monday it is raising rates from the Far East to Arabian Gulf and Indian Subcontinent ports, as well as introducing peak season and overweight surcharges from Asia to the Mediterranean.
   From Sept. 1 to Sept. 30, the carrier will increase rates on all westbound moves from Asia to all Red Sea ports by $150 per TEU and $300 per FEU or high-cube container.
   From Sept. 15 to Oct. 14, rates on all westbound shipments from Asia to all Arabian Gulf ports (as well as Iran and Iraq), will increase $200 per TEU and $400 per FEU or high-cube container.
   On the Asia-Mediterranean trade, UASC will charge a peak season surcharge of $275 per TEU from Sept. 1. The carrier will also assess a $100 per container surcharge for container weighing more than 15 tons, including tare. The excess weight surcharge also goes into effect Sept. 1.
   UASC said the charges were in response to a 'continuous tight space situation' on the Asia/Mediterranean trade.