The increase applies to all cargo bound for Mediterranean, Israeli, Black Sea and north European ports
Israeli flag carrier Zim Integrated Shipping Services Ltd. has announced it will raise rates US$400 per TEU from Asia and the Indian subcontinent to Europe from August 1.
The increase applies to all cargo bound for Mediterranean, Israeli, Black Sea and north European ports. The shipping line said the increases are needed "to maintain current levels of service and high reliability”.