Maersk Line, a member of the Asia – West Africa Trade Agreement (AWATA) has announced rate increases on services from Asia to West African ports, including Nigerian ports, even as indications emerged that other members of the group may announce upward review of rates soon.
According to a statement from the shipping giants and which was sighted by Shipping Position Weekly, the increases will affect services from
Middle East and South East Asia (excluding India) to West Africa. Such will now cost US$150 per TEU as from July 1, 2009.
Similarly, services from Far East to West Africa will now be US$300 per TEU effective 1 July 2009 and US$250 per TEU effective 15 August 2009
Other members of the cartel – AWATA are: China Shipping Container Line, CMA-CGM, Delmas, Gold Star Line, Mitsui O.S.K. Line, Pacific International Line, and Safmarine Container Line.