Geneva's Mediterranean Shipping Company (MSC) has announced a wide range of rate increases on most of its trade lanes to take effect in July, according to Shipping Gazette.
From July 1, there will be an increase of US$250 (NZ$376) per TEU on cargo from south east Asia, that is Thailand, Indonesia, Malaysia, Vietnam and Singapore bound for Australia.
This will be followed by a July 15 increase on cargo from Asia for New Zealand of US$250 per TEU, US$500 per FEU and for 40-foot high cube.
From July 1, from north Europe to the United States, there will be increases of US$300 per TEU and US$400 per FEU.
From July 1, from Canada and the US to north Europe and the western Mediterranean, there will be an increase of US$250 per TEU and US$350 per FEU. From July 1, cargo originating in the Mediterranean - defined as Italy, Spain, south of France and Portugal - and bound for the US, will face an increase of US$300 per TEU and US$400 per FEU while Israel cargo bound for the US, faces an increase of US$300 per TEU and US$400 per FEU.
From July 15, Asia cargo for the Indian subcontinent and the Middle East, will face an increase of US$250 per TEU.