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SCI to Raise Rates From India to Europe

Created by HButler on 1/15/2013 5:23:02 PM

Shipping Corporation of India will implement a general rate increase on westbound cargo from India to Europe and the Mediterranean, starting Feb. 1.

The planned increase will be $300 per 20-foot-equivalent unit, applying to all cargo from India to destinations in North Europe, the United Kingdom, the Mediterranean and Black Sea region.

The state-owned ocean carrier said the rate restoration is necessary to “meet increased operational costs.”

The move follows a similar rate hike announcement by Mediterranean Shipping Co. on India-Europe trade lanes, effective Feb. 4.

- The Journal of Commerce.

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