Rate hike in Asia-Europe trade

Hanjin Shipping has announced a rate restoration plan for Asia-Europe trade as of December 16th, 2012. Hanjin Shipping comments that these rate increases are inevitable to cover the losses caused by the falling freight rates and maintain the quality of its services.

The rate on a TEU is $ 600 and FEU it is $ 1200. Routes include Far East Asia and South East Asia to North Europe, Baltic an Scandinavia, Indian, Pakistan Bangladesh, Sri Lanka and Middle East to North Europe, Baltic and Scandinavia; Far East Asia, and South East Asia to Mediterranean, North Africa and IPBC and Middle East to Mediterranean and North Africa.