MOL to increase Far East-Japan rate US$55/TEU twice in July

JAPANESE shipping giant MOL will increase the rate for Far East shipments to Japan US$50 per TEU and $100 per FEU from July 1 and then again on July 15.

The implementation is a rate restoration to recover the ever-increasing operational costs and sustain the service quality to customers, said the MOL statement.

The increase is applicable to all commodities and equipment types.