Industry Marketing News

Shipping Freight Hike May Make Goods Costlier

Maersk ship

The Maersk shipping line has implemented a hike in rates of up to US$100 ($130) on containers moving from the United States to the Far East effective November 1.

The Danish shipping and oil and gas company announced that the increase is US$90 ($117) for 20-foot containers and $100 for 40-foot, 40-foot high-cube, and 45-foot high-cube containers.

Maersk defines “Far East Asia” as Brunei, Cambodia, China, Hong Kong, Indonesia, Japan, South Korea, Laos, Macau, Malaysia, Mongolia, Philippines, Singapore, Taiwan, Thailand, Timor Leste and Vietnam.

From the Brunei Times