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Danaos Corporation Message Board

  • simpkinsco simpkinsco Oct 23, 2009 8:15 PM Flag

    Container rates are moving higher

    China Shipping Container Lines Co. announced rate hikes of $350 per container for Asia-South America routes and $200 per container for Asia-Southern Africa routes. The higher fees go into effect starting Oct. 15 as the container shipping industry continues its move toward earning profits by charging higher fees to cover its costs. The rate increases follow similar actions by Japanese liner company Mitsui O.S.K. lines (MOL), which similarly enacted two rate increases in the last 2 months, and Evergreen, which is extending peak shipping rates by 2 months.

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