Hanjin Shipping increases rates to Europe

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Seoul: Hanjin Shipping is increasing freight rates of Asia - Mediterranean/North Europe trades beginning June 1st, 2009 ‘in order to sustain quality service to its customers under current economic climate, the company said in a statement yesterday.
As of June 1, the rate for all types of freight, including dry, reefer and special, west bound to major ports in the Far East/China/South East Asia-Mediterranean trade will increase by $250 per teu and $500 per feu.
Exactly one month later, rates will increase another $100 per teu and $200 per feufor all types of freight west bound to major ports in India, Pakistan, Bangladesh and Ceylon. West bound freight for ports in the Far East, China and South East Asia will go up another $300 per teu and $600 per feu. [20/05/09]