MSC Announces Independent Transatlantic Rate Restoration

Friday, November 17, 2006
Mediterranean Shipping Company announced that it will implement a rate restoration on the westbound North Europe-to-North America trade. The Geneva, Switzerland-based cargo steamship line notes that in view of actual market situation, depressed rates and increased costs, the company will proceed with an independent rate restoration that will increase all tariff rates and service contracts by a minimum of $300 per container. This adjustment will go into effect at the latest by January 1, 2007. MSC states that it has not been exempt from recent market developments that have caused rate levels to deteriorate to unsustainable levels. At the same time, the company is faced with increased cost pressures that require an immediate adjustment in order for MSC to maintain the quality service levels it provides to its customers. This rate restoration is independent from MSC’s partners in the Trans-Atlantic Conference Agreement (TACA) which include Atlantic Container Line AB (ACL), NYK Line, Orient Overseas Container Line (OOCL) and Maersk Line.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

5 Tunisian Migrants Die in Shipwreck

At least five Tunisian migrants died on Saturday when their boat sailing to Italy capsized off the Tunisian coast, officials said. "A migrant boat carrying

Finance

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

Viking Orders 2 Liebherr Cranes

An LR 1300 with super lift equipment and an LR 1160 crawler crane will strengthen the fleet of Viking Cranes. The Tallinn-based company with branch offices

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion 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: 0.1713 sec (6 req/sec)