Wednesday , 22 May 2019
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MOL says it has no choice but to announce a general rate increase (GRI) on its Europe – Southern Africa trade.

MOL increases teu rates by US$200

“We are committed to maintaining high service levels even during these difficult economic times,” says Colin de Souza, MOL general manager, North South Trade. “However, the cost of maintaining these levels is no longer sustainable at the present freight rates.”

According to de Souza, MOL has already undertaken as many measures as possible to become more efficient and cost-effective within its own organisation. “So, like many of our customers, we know what it is like to face difficult times.

Thus a GRI of US$200 per teu will apply from the beginning of October on both north and southbound legs. MOL’s weekly SRX Europe North Continent – Southern Africa service calls Rotterdam, Tilbury, Bremerhaven, Las Palmas, Cape Town, Pt. Elizabeth and Durban.