Hanjin to hike rate US$350 on Asia-north Europe route from January 13

SOUTH KOREA's Hanjin Shipping has announced a series of rate increases on the Asia-Europe route from January 13 to maintain service standards in the face of falling freight rates.

From Far East Asia and south east Asia to north Europe, the Baltic and Scandinavia, rates will increase US$350 per TEU and US$700 per FEU.

From the Indian subcontinent and Mideast to north Europe, the Baltic and Scandinavia, rates will rise $350 per TEU and $700 per FEU.

From the Far East and south east Asia to the Med and North Africa, rates will rise $350 per TEU and $700 per TEU.

From the Indian subcontinent, Mideast to the Med, North Africa, rates will rise $350 per TEU and $700 per TEU.