MSC to Hike Rates From India to East Africa

Feb.6--Mediterranean Shipping will raise rates on shipments from India to ports in East Africa, as part of what it calls a new ¡°rate restoration initiative¡±.

The rate restoration, to be implemented in two stages, will boost rates on the route by $200 per 20-foot container, starting Feb. 15, followed by another increase of the same amount, effective March 1.

MSC¡¯s move follows similar increase announcements by other major carriers, including CMA CGM and Emirates Shipping Line, on the same trade lanes.