Maersk Line to increase Asia-Europe rates by $800 TEU
By: Reuters | May 19 2015 at 09:14 AM | Liner Shipping
COPENHAGEN - Shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday.
With a fleet of more than 600 vessels, Maersk Line has a market share of about 20 percent on the world’s busiest routes between Asia and Northern Europe.
The world’s third-largest container shipping group, France’s CMA CGM, said on Monday that it intends to increase rates by $1,000 from June.