MOL Rate Restoration Program

Tuesday, February 10, 2009

On Feb. 9, MOL announced the implementation of a general rate restoration program on the Asia Europe trade to maintain high service levels during the current economic climate.
 
While increased freight rates are never very popular, the current downward trend is completely unsustainable and MOL is confident customers will recognize the need to maintain stability and viability in their supply chain operations over the long term.
 
MOL has already significantly cut capacity from its global liner services, including the Asia Europe trade, to help reduce the imbalance between supply and demand.
 
Applicable for all cargo moving under MOL bill of lading on the Asia Europe route, the implementation of the rate restoration programme will begin on 1 April 2009 as follows:
 
Asia – Europe Westbound
Effective date of rate restoration:    Amount in US Dollar per TEU:
April 1st 2009    300
June 1st 2009    300
August 1st 2009    300
 
Europe – Asia Eastbound
Effective date of rate restoration:    Amount in US Dollar per TEU:
April 1st 2009    200
September 1st 2009    200

(www.MOLpower.com)

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

 
 
Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1311 sec (8 req/sec)