Zim to hike Asia-Europe freight rates in September

The company will impose a general rate increase on Asia westbound trade lines from North Europe
02.09.12 / 00:00
Zim to hike Asia-Europe freight rates in September
02.09.12
Zim to hike Asia-Europe freight rates in September
•

The company will impose a general rate increase on Asia westbound trade lines from North Europe
 
Zim Integrated Shipping Services Ltd. will implement general rate increases (GRIs) on the Asia westbound trade from North Europe and the Mediterranean in mid-September.                                                       
 
From September 10, the Israeli shipping line will impose a freight rate increase of US$300 per TEU from all Asian ports (excluding the Indian Subcontinent) to the West and East Mediterranean and the Black Sea region.
 
There will also be a US$350 rate hike per TEU on the Asia (excluding the Indian Subcontinent)-North Europe (including Scandinavia and Baltics) sling, also from September 10.   
 
Cargo bound from Asia to Israel will be levied US$300 per TEU by Zim from September 15. The rate change does not include the Indian Subcontinent.                                                   “These updates are necessary in order to maintain Zim’s current levels of service and high reliability,” Zim said in a press statement.

 

More articles that may interest you
The company has recorded a 6% improvement in carried TEU and an overall growth of 22% in revenues
ZIM's Q2: Improved, but still losing money
The agreement will pave the way for doubling bi-lateral trades between the countries
India - Israel FTA likely to be signed by mid 2013
The study also shows that roads in Israel are far more congested than most cointries in the Organization for Economic Co-operation and development
New study: less than 30% of Israelis use public transit
Israel to install next generation U.S. body scanner
Israel to install next generation U.S. body scanner
Nearly 300,000 tourists arrived in Israel during July, 70,000 of them from the US
New records in Israel's incoming tourism despite regional turmoil
Avriel bar Joseph was willing to be appointed as active chairman, a step that was rejected by the board
Haifa Port's Chairman submitted his resignation
More news from Sea Transport Section
>ZIM's CFO to leave at year end/29.08.12 >Ashdod port: record containers handled/16.08.12 >David Castel elected to be the vice president of the Chamber of Shipping of Israel/07.08.12 >Port of Ashdod recorded quarterly cargo volume/30.07.12 >Port of Haifa hit record container traffic in 1H of 2012/30.07.12 >Port of Haifa broke the record of loading and discharging containers per hour of ship/30.07.12 >Heads of three Greek ports visited Ashdod port/26.07.12 >Eilat Port company grant NIS15.6 million dividends to the Israeli treasury/20.07.12 >Ashdod Port Co. up in DynaLiners top container ports/17.07.12 >Israel Corp converts US$25m into Zim equity/29.06.12