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Geneva’s Mediterranean Shipping Company (MSC) has announced a planned general rate increase for transporting sea freight from the Far East to New Zealand, according to the Shipping Gazette.

Effective April 15, the rate hike will be US$300 per TEU and $600 per FEU and for 40-footer high-cube.

The rate increase will apply to cargo shipped from all ports in Asia to New Zealand.

In another news, COSCO Container Lines was reported to have announced plans to raise its container shipping freight rates from Asia to South America from April 15.

The increase will be US$500 per TEU and $1,000 FEU, or 40-foot high-cube. The coming increase hike will apply to both dry and refrigerated cargo.

Source: Shipping Gazette

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