Hapag-Lloyd hikes rates for East Asia-Arabian Gulf trade
Hapag-Lloyd will implement Rate Restoration Program on East Asia (excluding Japan) to Arabian Gulf service with effect from August 1, 2018.
Rates will be increased to USD 300 per TEU for all cargoes and all container types shipped from East Asia ports (excluding Japan) to Arabian Gulf.
Hapag-Lloyd is a leading global liner shipping company. Hapag-Lloyd AG emerged on September 1st, 1970 from the amalgamation of the two shipping companies Hamburg-Amerikanische Packetfahrt-Actien-Gesellschaft (Hapag / Hamburg-American Line) and North German Lloyd (NDL). The company's fleet of around 230 modern ships (total capacity of 1.6 million TEU) transport annually 7.6 million TEU. Hapag-Lloyd has one of the world’s largest and most modern reefer container fleets and operates global network of more than 130 liner services. The company employs around 13,000 staff working at more than 360 locations in 125 countries.