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Maersk to Raise India-West Africa Rates

Created by HButler on 1/30/2013 3:38:34 PM

Maersk Line will put a general rate increase into effect Feb. 1 on shipments from India to destinations in West Africa.

The proposed increase will be $150 per 20-foot container and $300 per 40-foot container.

“While we are continuously endeavoring toward serving customers to the best of our capabilities, current rates are proving to be difficult to sustain, especially in the prevailing market scenario,” Maersk India said.

The move follows a similar rate hike announcement by CMA CGM on India-West Africa trade lane, also effective Feb. 1.

- The Journal of Commerce.

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