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)