Jul.2--GENEVA-based Mediterranean Shipping Company (MSC), the world's second largest carrier after Maersk, has announced it will increase rates by US$500 per TEU on Asia-South America east coast trade effective July 15.

Also, with effect from July 1, MSC will impose a $200 per TEU peak season surcharge on its services from the western Mediterranean and the Adriatic to ports in the Far East and the Middle East.

(Source:shippingazette)