Zim to up rates from Asia to Europe & Mediterranean

Zim noted that the rate increase "is necessary in order to maintain our current levels of service and high reliability”
 
Zim integrated shipping services Ltd. said last week it will implement a general rate increase on the Asia/Mediterranean and Asia/North Europe trade on cargo loaded July 1 or later.
 
The company said in a press release that the rate increase "is necessary in order to maintain our current levels of service and high reliability."
 
The rate increases will be:
   • $250 per TEU on cargo loaded in Asia bound for the East Mediterranean and Black Sea.
   • $300 per TEU on cargo from Asia bound for North Europe and West Mediterranean.