GERMANY's Hapag-Lloyd, the world's fourth biggest container shipping line, will levy a US$150 per TEU rate increase on March 15 on all cargo from the Far East (excluding Japan) and Oceania to India, Pakistan, Bangladesh and Sri Lanka.
Rates on all cargo moving from Japan to the Red Sea will be subject to an increase of $250 per TEU starting April 1. From Japan to Australia, the increase will be $250 per TEU from April 1. Hapag-Lloyd said it would apply an increase of $300 per TEU on cargo from northeast Asia to Australia from April 15.
