Maersk Line Plans Three 2011 Trans-Atlantic Rate Hikes


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10 Nov 2010

maersk_line.jpgMaersk Line is notifying trans-Atlantic customers of three increases in freight rates the world's largest container ship operator is planning for 2011 on that trade lane. Maersk is “pre-planning” increases of $300 per container, whether

20 or 40 foot, on April 1; $300 per container on July 1; and a third
increase on Oct. 1 of an amount that will be determined by what happens
in the market next year.

The size of the rate increases is approximate. “We might have to adjust
them when we get closer to the specific dates, but these are our best
indications at this stage,” said Soren Castbak, Maersk Line’s senior
director of network and product for trans-Atlantic services.

The increases will apply to all cargo moving in both directions between
ports in North America, North Europe, the Mediterranean and the Black

The move is similar to the three rate increases Maersk pre-announced in
the fall of 2009 for 2010. “Many customers have come to us in meetings
earlier this year and said ‘we would like to have some kind of guidance
again for the following year,’ so they could include it in their
budgeting,” Castbak said.

Castbak said Maersk will seek the increases to cover the costs of
repositioning containers that have been left stranded on the North
American side of the Atlantic by the imbalance in the trade and by the
increases in the cost of chartering ships.

Source: Journal of Commerce


Maersk Line is one of the leading liner shipping companies in the world, serving customers all over the globe.

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