The Maersk shipping line has implemented a hike in rates of up to US$100 ($130) on containers moving from the United States to the Far East effective November 1.
The Danish shipping and oil and gas company announced that the increase is US$90 ($117) for 20-foot containers and $100 for 40-foot, 40-foot high-cube, and 45-foot high-cube containers.
Maersk defines “Far East Asia” as Brunei, Cambodia, China, Hong Kong, Indonesia, Japan, South Korea, Laos, Macau, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, Timor Leste and Vietnam.