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EUROPE-AQABA AGREEMENT LINES TO INCREASE RATES

EUROPE-AQABA AGREEMENT LINES TO INCREASE RATES

   The Aqaba Rate Agreement from U.K./North Europe, Scandinavia and the West Mediterranean will increase rates by $150 per 20-foot container and by $250 per 40-foot from April 1.

   The member lines of the Aqaba Rate Agreement are Andrew Weir Shipping (Ellerman), CMA CGM, Contship Containerlines, Hapag-Lloyd, P&O Nedlloyd and SCL (CMB Transport).