Hanjin pushes for rate rise on the Atlantic

Seoul: Hanjin Shipping is restoring freight rates in the Trans-Atlantic trade effective December 1st, 2009. ?The amount of rate increase for all North American shipments to and from North Europe and the Mediterranean is USD 250 per TEU and USD 350 per FEU. ?Hanjin Shipping comments that despite the company's continuous efforts to reduce costs, this rate restoration is inevitable in order to maintain quality service to its customers under the current economic climate. [03/11/09]