Lines push up trade rates
Mediterranean Shipping Co has become the latest carrier to announce rate rises in Australian trades, advising customers that exports from Australia and New Zealand to North and East Asia will increase by US$50/teu and US$100/feu on April 15.
Last week the South East Asia-Australia Trade Facilitation Agreement announced a rate restoration of US$200/teu on all shipments from Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Indian sub-continent (India, Sri Lanka, Pakistan and Bangladesh), which also takes effect on April...
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