MOL to levy US$500/TEU Asia-southern Africa rate hike January 1


JAPANESE shipping giant MOL has announced it will levy a general rate increase (GRI) on all cargo moving from Asia to southern Africa, saying the "action is essential for us to sustain our service level". 

Starting January 1 2017, the GRI will be US$500 per TEU and $1,000 per FEU on cargo from Asia including Indian subcontinent and Middle East to southern Africa, including South Africa, Lesotho and Zimbabwe.

Source: Schednet 

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