PUBLISHER: Container News (container-news.com)
Raising the prospect of market corrections, Mediterranean Shipping Co. (MSC) has recalled its trade advisories seeking new rate increases on India-US routes, ostensibly because of growing demand challenges.
MSC had planned to apply a hefty general rate increase (GRI) of US$1,500 per container from mid-August, followed by a peak season surcharge (PSS) of US$ 1,000 per container from 22 August.