2002-02-14 10:21
Korea/China trades to raise rates twice this year
Container liners in Korea/China trades are planning to restore rates twice this year, once in April and again in September.
The Yellow Sea Liners’ Committee decided to stabilize the Korea/China trade with rates restoration in a regular meeting held February 4.
The rates restoration will be applied in trades between Pusan, Shanghai, Tianjin, Dalian, and Quingdao. The rates increase will be 50 dollars per TEU and 100 dollars per FEU, taking effect on April 1st and September 1st.
The Yellow Sea Liners’ Committee has 28 member companies, with 12 Korean shipping companies and 9 Chinese shipping companies, 4 car-ferry liners, and 3 others.
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