Maersk Increases Rate on Transatlantic Trade

Tuesday, November 14, 2006
Maersk Line will be implementing a rate restoration on the westbound Transatlantic and Canadian trade from North Europe to North America. The increase will apply for all cargo under Maersk Line independent tariffs and service contracts as agreed with our customers individually. The targeted level of increase will be a minimum of $300 per container and will be effective at the latest by 1 January 2007. Recent market developments have caused rate levels to deteriorate to unsustainable levels, while we are facing increased cost pressures, and the increase will ensure that current service levels can be maintained.
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