GERMAN shipping giant Hapag-Lloyd has announced a general rate increase (GRI) of US$150/TEU from Canada west coast to Middle East and the Indian subcontinent for dry cargo transported from February 1, reports Mumbai's domain-b.com.
The new reference rate for such cargo originating from Vancouver, Canada to be offloaded at ports in India, Bangladesh, Pakistan, Sri Lanka, UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, Jordan, and Iraq, the company stated.
This GRI will be applicable to all containers gated in full from February, and will be valid until further notice, the shipping company said.
Hapag-Lloyd also said it will continue to route its vessels around the Cape of Good Hope until further notice due to Houthi attacks on vessels in the Red Sea.
The announcement comes soon after the shipping company announced that it was introducing land corridors through Saudi Arabia to mitigate the impact on its business.
"We continue to monitor and review the situation constantly. As soon as the situation changes, and is safe again, we will route our vessels through Red Sea and Suez Canal," it said.
In an earlier statement on its website, the company said it would offer land connections from Jebel Ali, Dammam and Jubail to its ocean shuttle service out of Jeddah.
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