ASIA/MEDITERRANEAN CARRIERS RAISE BUNKER CHARGES
Shipping lines of the Mediterranean Rate Agreement plan to increase their bunker adjustment factor from $65 to $77 per TEU, effective Nov. 15.
The increase will apply to both the eastbound and westbound trades between Asia and the Mediterranean.
The bunker charge applicable to less-than-containerload cargo will be $3.85 per revenue ton, also with effect from Nov. 15.
Norasia, a non-conference carrier in the Asia/Mediterranean trade, announced that it will implement the same increases in bunker charges as the conference.