CONFERENCES SEEK TO RESTORE MIDDLE EAST RATES
Lines belonging to the European Middle East Rate Agreement and the Jeddah Service Group said they plan to raise rates by $200 per 20-foot container and $300 per 40-footer, effective Oct. 1.
The rate increases cover shipments from the United Kingdom, North Continent and Scandinavia to the Middle East Gulf and Jeddah.
CMA CGM, Hapag Lloyd, Maersk Sealand, P&O Nedlloyd and United Arab Shipping are members of both conferences.
AWS (Ellerman), Contship Containerlines, Norasia Container Lines and Safmarine and members of the European Middle East Rate Agreement.
Nippon Yusen Kaisha is a member of the Jeddah Service Group