Evergreen unveils Far East rate hike

2009-10-22

Evergreen Line has announced a rate restoration on its services from the Far East and Indian sub-continent to north Europe and the Mediterranean.

The increase, which will come into force on 1 November, amounts to US$200 per teu and will apply to all cargoes and commodities.

Evergreen said the rate increase was down to stronger than anticipated demand in November and October.

It said: "Present stronger space demands have come on the heels of reduced capacity announced for the fourth quarter of 2009, resulting in limited space availability."

"The increase will help restore financial losses and ensure continued quality service to Evergreen Line customers."


Source: ifw-net
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