Maersk Line raises South Asia - Europe rates

Maersk Line announced a general rate increase effective February 1st, 2010 in the South Asia/Middle East to Europe trade.

The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is unsustainable in the longer term.

A Maersk spokesperson said, The rate increase is necessary to continue to operate our services with the high level of reliability our customers have come to expect from Maersk Line.

The filed increase is as follows:
·Scope - Middle East and South Asia to North Europe and Mediterranean
·Amount - USD 300/600 per 20'/40'
·Commodities - DRY only
·Effective Date - February 1st, 2010.