News / Lines try to push through Asia-Europe rate increases as 'low rates just can't go on'

© Khunaspix Dreamstime.

Barely has the dust settled on the latest round of general rate increases (GRIs) introduced by carriers on the Asia-Europe trade, when one of the leading carriers has announced further increases over the course of the next few months.

Hapag-Lloyd today said that it intends to introduce a $500 per teu GRI on 15 April, followed by another GRI of the same quantum on 13 May, on the trades between both Asia and northern Europe and Asia and the Mediterranean.

“I’m not ...