Evergreen aims for Asia-Europe rate hike

Taipei: Leading Taiwanese liner Evergreen Marine Corpaims to hike freight rates on its Asia-Europe routes from April 1. Evergreen Marine said it may increase the rates again after April as they are below break-even levels because of excess capacity, Dow Jones reported.?The company may attempt to push up Asia-Europe rates by US$300 per teu in April. The company may hike the rates again in June and August, and will also consider raising rates on US-Asia routes from May.If Evergreen does institute a rate hike it will be the first of its type on the Asia-Europe route since late 2007.  [16/2/09]