Hanjin Shipping is introducing a rate restoration program for the Trans-Atlantic trade effective September 1st, 2009.
The amount of rate increase for all shipments between Europe and North America in both directions is USD 150 per TEU and USD 225 per FEU.
Hanjin Shipping comments that despite the company’s continuous efforts to reduce costs, this rate restoration is inevitable in order to maintain quality service to its customers under the current economic climate.
Additionally, in response to rapidly increasing fuel costs, Hanjin Shipping will be introducing a fuel recovery charge (FRC) for all shipments between North Europe and South America effective August 15th, 2009. The charge is USD 73 per TEU and USD 146 per FEU for Northbound and EUR 55 per TEU and EUR 110 per FEU for Southbound.