Hanjin to restore rates on Asia-Europe trade

Hanjin Shipping is restoring rates on Asia-Europe trade as of 15 April 2013.

The company stated that these rate increases are inevitable to cover current losses and maintain quality service.

The hike ranges from US$500 per TEU and US$1000 per FEU across Far East Asia and South East Asia to North Europe, the Baltics and Scandinavia, India, Pakistan, Bangladesh, Sri Lanka and Middle East to North Europe, the Baltics and Scandinavia, Far East Asia and South East Asia to Mediterranean, North Africa, and India, Pakistan, Bangladesh, Sri Lanka and Middle East to Mediterranean and North Africa.