Maersk Line has announced a general rate increase on the Asia-Europe westbound trade lane of $750 per teu, effective 1 July.
The increase undercuts that of rival Hapag-Lloyd, which takes effect on the same date, by $250 per teu.
However, in contrast to Hapag-Lloyd which did not announce a GRI for Mediterranean destinations, Maersk is asking its customers using that route to pay an extra $150 per teu from 1 June.
Maersk Line has announced a general rate increase on the Asia-Europe westbound trade lane of $750 per teu, effective 1 July.
The increase undercuts that of rival Hapag-Lloyd, which takes effect on the same date, by $250 per teu.
However, in contrast to Hapag-Lloyd which did not announce a GRI for Mediterranean destinations, Maersk is asking its customers using that route to pay an extra $150 per teu from 1 June.
Hapag-Lloyd has published its interim first-quarter results, posting a net loss of €93.6 million. It needs the rate increase not least because, since the start of the second quarter, spot rates on the troubled route have plunged almost 40%.
It remains to be seen how Hapag-Lloyd’s fellow G6 alliance members will react to its $1,000 per teu GRI, given that they are sharing the same ships.
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