MOL Announces GRI on Europe –S. Africa

MOL (Mitsui O.S.K. Line) announced a general rate increase (GRI) on its Europe – Southern Africa trade.
 
“We are committed to maintaining high service levels even during these difficult economic times,” said Colin de Souza, MOL General Manager, North South Trade. “However, the cost of maintaining these levels is no longer sustainable at the present freight rates.”
 
Mr. de Souza explains that MOL has already undertaken as many measures as possible to become more efficient and cost-effective within its own organisation. MOL has informed customers that a GRI of $200 per TEU will apply from the beginning of October on both north and southbound legs.
 
MOL’s weekly SRX Europe North Continent – Southern Africa service calls Rotterdam, Tilbury, Bremerhaven, Las Palmas, Cape Town, Pt. Elizabeth and Durban

(www.molpower.com)