P&O NEDLLOYD RAISES NORTH EUROPE/CANADA WESTBOUND RATES

P&O NEDLLOYD RAISES NORTH EUROPE/CANADA WESTBOUND RATES

   P&O Nedlloyd is raising westbound rates on its
non-conference north Europe/Montreal service, effective Jan 1.
    The increase is $200 (U.S.) per 20-foot container and $250 per 40-foot
box. The westbound rate change follows several increases in prices by P&O Nedlloyd and
other carriers since the summer of 1999 in the strong north Europe/North America trade.
    In addition to the rate increase, P&O Nedlloyd is raising its
bunker adjustment charge to $42 per 20-foot container and $82 per 40-footer, effective
Dec. 1.
    P&O Nedlloyd said that it will announce an eastbound general rate
increase on its Canada/Europe service at a later date.