After discounting prices for quite sometime now, Maersk announced that it would be hiking the rates of all kinds of freights on Asia-North Europe trade lane come July end. Maersk also said the rates on other trade lanes “May also be subject to increases” on reassessment.

The rate announcement this morning will see Maersk’s FAK rates from Asian main ports to the three North European hubs of Rotterdam, Felixstowe, and Gdansk increase on 31 st July to $1,025 per 20ft and $1,900 per 40ft.