Japanese shipping line MOL will implement a general rate increase of US$160 (NZ$219) TEU and $274 per FEU as well as on 40-foot high cube boxes from June 1 on cargo from Canada to Asia, which includes west Asia and the Indian subcontinent.
It also announced an increase in origin documentation fee for Canada to Asia, from US$25 to US$50 per bill of lading from June 1, and an increase for origin documentation fee for US to Asia, from US$25 to US$50, according to the Shipping Gazette.
Another increase on Asia-bound US cargo of $120 per TEU and $150 per FEU and on 40-foot high cube boxes was also announced, for June 1 and will apply to cargo from inland points, east or west coast ports.
The tariff includes west Asia, the Middle East, the Indian subcontinent and Oceania.
The Mediterranean Shipping Co (MSC) recently announced it was raising rates from Asia to Europe beginning June 1.
MSC said it would introduce an “emergency rate restoration” of $300 per TEU on all cargo moving from ports in southeast Asia, China, Hong Kong and Japan to ports in the Mediterranean and northern Europe.
Cosco said it will start charging a $200-per-TEU peak season surcharge from May 15 on all shipments from the Far East to the Mediterranean and Red Sea ports, the report says.