News

As part of the rate restoration programme announced at the end of 2009 on the Atlantic trades, Maersk Line has confirmed the implementation of its general rate increases (GRIs) for the fourth quarter (October-December). This includes cargo moving in both directions between the Us and Canada from /to North Europe, the Mediterranean and Black Sea.

The increases announced for October 1 will be $250 per 20′ dry and 350 per 40 dry and $500 per 40′ reefer for cargo moving in both directions between the US from/to North Europe; $250 per cent 20 dry and $350 per 40′ dry/reefer for cargo moving between Canada from/to North Europe; and $200 per container for cargo moving in both directions between the US and Canada from/to the Mediterranean. (Note: GRI for cargo moving between Mediterranean and the US/Canada is only effective from October 15).

Maersk Line has noted stabilisation in the Atlantic markets so far in 2010, but despite such partial rate recovery, the current market rates contine to be unsatisfactory. Maersk Line is experiencing increased costs as it is working to improve container availability during a period of general equipment short age, while keeping focus on maintaining high level of reliability in the broad Maersk Line service portfolio. Therefore, it continues to see the need to proceed with its already announced rate increases for the fourth quarter.

In the fourth quarter, Maersk Line will announce its 2011 full-year programme in advance in order to allow its customers to plan their shipments with full understanding of the expected rate levels required to sustain service in the Atlantic trades.