Zim raises freight rate 10% following Maersk's closure of its direct Israel-US shipping line

The new freight rate for a 20-foot container will rise by $150 to the East Coast and by $200 to West Coast ports
20.08.07 / 00:00
Zim raises freight rate 10% following Maersk's closure of its direct Israel-US shipping line
20.08.07
Zim raises freight rate 10% following Maersk's closure of its direct Israel-US shipping line
•

The new freight rate for a 20-foot container will rise by $150 to the East Coast and by $200 to West Coast ports
 
Zim Integrated Shipping Services announced last week a 10% increase of container freight rates on its US service.
 
The announcement came a few weeks after AP Moller-Maersk Group A/S announced the closure of its direct Israel-US shipping line.
 
The new freight rate for a 20-foot container will rise by $150 to the US East Coast ports and by $200 to the West Coast ports, and the rate for a 40-foot container will rise by $200 to the US East Coast ports and by $300 to the West Coast.

More articles that may interest you
It is understood that Zim has taken the decision to deepen its involvement in the break bulk trade in general and from the Far East in particular. Zim has so far denied the rumors
Zim is rumored to inaugurate a break bulk shipping service from the Far East to Israel
El Al says that that the decision was made due to the fact that over 1,000 Israelis use their own bicycles to take bicycle trips around the world each year
El Al announced it will carry bicycles on board free of charge
Two sectors saw a relative decline in activity: tourist arrivals fell by almost 5% and new housing starts fell by 17%. Growth contributed to substantial improvement in the labor market
Bank of Israel: State of Economy Index up 6.4% in 1H
Until the initial authorization, Iraq was included in a list of hostile countries, with which trade was forbidden. It is now authorize to trade with Iraq until 15th July 2009
Ministry of Finance extended permits to trade with Iraq
The announcement came after the conclusion of talks held in Seoul between Tourism Minister Yitzhak Aharonovich and Mr. Jonghee Lee, President of Korean Air
Korean Air to renew passenger flights to Israel
Evergreen announced it will began the service with a single vessel M/V Ital Ordine, in September this year. In November the service will run on a weekly basis
Evergreen Line to inaugurate direct service to Haifa
More news from Sea Transport Section
>Port of Eilat signed first cooperation agreement with port of Keelung/06.08.07 >Schaefer: Government should stop abandonment by leading shipping companies/06.08.07 >IPC issued a tender for building rail terminal at Ashdod port/30.07.07 >Ashtrom-Dragados Group in legal claim against IPC/23.07.07 >Maersk: North America - Mediterranean service enhancements/23.07.07 >Huge ecstasy smuggling attempt foiled in Haifa port/16.07.07 >Spanish customs claims to have intercepted arms shipment from Israel to Nicaragua/09.07.07 >China Shipping: new service from the Far East to Israel/09.07.07 >K Line delegation visited Israel/09.07.07 >Zim to buy two 2,450 TEU container ships for 2010-11 delivery/02.07.07