Hapag-Lloyd hikes Far East-Arabian Gulf rate US$200/TEU on April 1

GERMANY's big container carrier, Hapag-Lloyd, will increase rates for all cargo and container types moving from East Asia (excluding Japan) to the Arabian Gulf by US$200 per TEU from April 15.

In a notice to trade, Hapag-Lloyd said it defines the Arabian Gulf as the ports in the United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Qatar and Saudi Arabia (Dammam & Riyadh via Dammam).