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Hapag-Lloyd ups Far East-Red Sea rate US$400/TEU September 1

 GERMAN shipping giant Hapag-Lloyd announced has announced that effective September 1 it will increase rates from East Asia - excluding Japan - to Red Sea ports by US$400 per TEU

This "Rate Restoration Programme" will apply to all cargoes and to all container, said the Hapag-Lloyd statement.

Source: Schendet

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