Topic “Hapag-Lyod” — Exporter Magazine

A.P. Moeller-Maersk A/S may be the only shipping line to profit from growing trade between Asia and Europe even as rates reach a two-year low, according to a Bloomberg report Europe’s ban on shipping conferences has led to greater rate volatility, costs and supply chain instability but the true impact of this ban cannot be determined due to the impact from the global economic downturn, according to the Shipping Gazette citing the American Shipper. Hapag-Lloyd will implement a general rate increase for cargo moving on its services from the Indian Subcontinent and Southeast Asia to New Zealand. Effective May 1, the planned increase will be US$300 (NZ$421) per 20-foot equivalent unit.