DUBAI registered and Hong Kong headquartered Emirates Shipping Line has announced a general rate increase (GRI) running from March 1 to April 15 covering the Far East to East Africa, the Far East to the Mediterranean and intra-Asia trades.
To keep up with market conditions, Emirates said a US$150 per TEU general rate increase will be applied on March 1 to be followed by a $100 increase on March 15, another $150 charge on April 1 and a $100 hike on April 15.
Specifically, these will apply to the Far East and south east Asia to East Africa trade at $250 per TEU on March 1 and another $250 per TEU increase coming on April 1.
On the Far East and south east Asia to Indian subcontinent and Middle East trade there will be a $150 per TEU increase on March 1, followed by another $100 per TEU increase on March 15, a $150 per TEU on April 1 and a $100 per TEU increase on April 15.
On the intra-Asia trade, there will be a $50 per TEU increase from March 1 and another $50 per TEU increase from April 1.
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