Mediterranean Shipping Co. Rate Increase

Mediterranean Shipping Company (MSC) will file a General Rate Increase (GRI) of $160 per 20 ft container and $200 per 40 ft unit on all cargo moving from Europe to the USA. The company will also file a GRI of $200 per 20 ft unit and $250 per 40 ft unit applicable to freight moving from  Italy, Spain and Portugal (Western Mediterranean service)  to the USA, all coasts.

These new rate increases go into effect April 1, 2009.

Mediterranean Shipping Company is a privately-owned company based in Geneva, Switzerland. As of early January 2009, MSC was operating 419 container vessels with an intake capacity of 1,460,000 TEU's.