Mediterranean Shipping Company has announced that it will increase its bunker adjustment factor (BAF) on imports from Italy, Spain, South France and Portugal to the US to US$75 per TEU from April 15 due to increasing fuel costs, said a company statement.
"Containers arriving in US east coast ports from abovementioned countries will be increased to $600 per 20'unit; and $1,200 per 40' unit," said the MSC statement.
The rate for containers arriving at US Pacific coast ports will increase to $660 per TEU and $3,120 per FEU.
"These increases are necessary to provide timely and efficient cargo transportation services from the Geneva-based company," said the release.
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