COSCO hikes Far East/Persian Gulf rates
COSCO Container Lines said this week it is raising rates on shipments from the Far East to the Persian Gulf.
Effective April 11, the increase will be $150 per TEU from China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Japan to Iran, Iraq, Kuwait, Saudi Arabia (Persian Gulf side), Bahrain, Qatar, the United Arab Emirates and Oman.