News

VSHIP news section provides latest news, information and digital developments of the logistics industry to help you keep up to date on the latest developments of the industry.

MSC to apply US$200/FEU rate hike from US Gulf ports to Far East June 15

20/05/2020

THE Mediterranean Shipping Co (MSC) will impose a general rate increase of US$180 per TEU and a $200 per FEU on dry cargo from US Gulf ports of Houston, Mobile and New Orleans to Asia and Southeast Asia from June 15.

Said MSC: "Steamship lines are once again challenged to maintain service profitability since freight rates are at levels that are no longer sustainable. In order to maintain such a service, we are forced to announce these rate increases.”

Source : shippingazette.com