SINGAPORE’s APL, the world’s sixth largest carrier, has announced it will increase the freight rates US$50 per TEU and $100 per FEU for sailings from India to Mediterranean with effect from February 1.

This follows some other carriers’ moves to increase rates on the India-Europe trade, which includes CMA CGM, Hapag-Lloyd, Zim and Shipping Corporation of India (SCI).

Also, APL will levy a peak-season surcharge of $100 per TEU and $200 per FEU and high-cube boxes for dry and refrigerated cargo on westbound India-Europe/Med trade from February 1 as well.

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