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Maersk Rates Increase

Maersk Line states that it will implement a general rate increase from India to Latin America starting on the first of February, 2013. The increase is scheduled for both 40-foot containers and 20-foot containers. The 40-foot containers have been slated to rise in price by $400 while the 20-foot containers are set to rise by $200 per engagement. Maersk claims that this increase is a means of dealing with rising prices of fuel. Maersk has also said that other routes will be facing rate increases in the future. Already, the Asia-Europe route is under heavy scrutiny, since A.P. Moller-Maersk states that at the current rates, they are not making money and to make the route profitable, rake hikes will be needed and are probably already under consideration. In addition to the rate hikes, Maersk has also announced that the effective dates of its congestion charges to the US have been moved to a later date in February (depending on the location), in order to deal with a possible strike by the International Longshoremen’s Association. This has come because of a recent break in negotiation talks in the New York- New Jersey region which could lead to massive strikes and could… read more »