A lower demand than expected is the reason for Maersk Line only securing about one third of its planned rate increases in March on its Asia-Europe routes, says Lars Mikael Jensen, Head of the Asia-Europe routes at Maersk Line, who nevertheless calls it a success.
Maersk Line had announced a rate increase of 600 dollars per twenty-foot container (teu) on the freight route to take effect on March 15th and a number of rival companies had followed suit.
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