“The rate restoration is applicable to all shipments from Asia, including Japan, Australia, the Indian subcontinent and the Middle East, to North Europe, the Mediterranean and Black Sea,” said a statement from APL India.
The Indian subcontinent region includes India, Pakistan, Sri Lanka and Bangladesh.
APL and most of other top carriers have decided to abandon the $350 per TEU peak season surcharge that was supposed to take effect in June.
Instead, carriers announced various rate increases on the Asia-Europe trade to be effective July 1. Hapag -Lloyd and MSC will increase rates by $500 per TEU on July 1; Hanjin Shipping and OOCL will raise $400 per TEU; and UASC $505 per TEU.