APL to raise rates US$450/TEU on Asia to Europe routes from May

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SINGAPORE-based APL Logistics will raise rates by US$450 per TEU on westbound trades from Asia to Europe starting May 1.

This is the third general rate increase imposed this year on the depressed trade lane. The carrier imposed increases of US$750 per TEU from March and US$400 per TEU from April.

"The rate restoration is applicable to all shipments from Asia to North Europe, the Mediterranean and the Black Sea," APL India said.

Source Shipping Gazette - Daily Shipping News
 

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