Friday, February 14, 2014
COSCO announces rate restoration for Far East to Middle East trade
COSCO Container Lines announces rate restoration for all shipments from Far East to Red Sea and Persian Gulf Trade as following schedule, the company said in a statement this week.
The rate for Far East to Gulf is $150 per-TEU effective March 1, 2014, and goes up to $150 per-TEU effective March 15, 2014, the company said.
The rate for the Far East to Red Sea route will be $200 per-TEU effective March 1, 2014.
COSCO's Far East rotation includes China Mainland, China Hong Kong, China Taiwan, China Macao, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.
Persian Gulf rotation includes Iraq, Kuwait, Saudi Arabia (Persian Gulf Coastal), Bahrain, Qatar, United Arab Emirates and Oman.
Red Sea includes Saudi Arabia (Red Sea Coastal), Yemen, Jordan, Egypt and Sudan.
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