General Rate Increase – China, Hong Kong, Korea and Taiwan

General Rate Increase – China, Hong Kong, Korea and Taiwan

We have received notice from carriers there will be a Rate Restoration of US$300/20′ and US$600/40′ from the 1st of August 2014, for both dry and refrigerated cargoes in the base ocean freight for cargoes from North East Asia (including China, Hong Kong, Korea and Taiwan) to ports and points in Australia.
This increase will be applied in full on top of existing ongoing market rates to all import shipments onboard vessels on or after the 1st of August 2014, and will be subject to ancillary surcharges applicable at the time of shipment