Maersk to raise Asia-Latin America US$300/TEU surcharge from May 20

2012 04 27

Details

DANISH shipping giant, Maersk Line, the world's largest container shipping company, has announced it will impose US$300 per TEU peak season surcharge on its Asia-Latin America loops with effect from May 20 due to a shortage of 20-foot dry containers.

The May peak season surcharge will be applied to services from Taiwan to Latin America (excluding Brazil, Uruguay, Paraguay and Argentina) and from the Far East to Colombia, Puerto Rico, and the US Virgin Islands, according to a notice to trade.

Additionally, the carrier already levied the same surcharge on April 23 from the service sailing from the Far East (excluding Taiwan) to Latin America (excluding Colombia, Puerto Rico and the US Virgin Islands).

Maersk also said it would increase rates by $500 per TEU on services from Far East Asia to the east coast of South America from May 15.

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