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Maersk: Disappointing freight volumes in March took its toll on rate increases

Maersk Line only managed to secure about one third of the company’s planned rate increases in March on its Asia-Europe routes due to a lower demand than expected, the shipping company reveals.

Photo: Maersk Line

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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