New price hikes on eastbound transatlantic

Forwarders offering services on the eastbound transatlantic are facing “serious price hikes”, as ocean carriers capitalise on the tight capacity situation. Since the start of the year, Evergreen, OOCL, Hanjin and Zim have all announced price increases on the North America to Europe trade, with Hanjin’s increases reaching US$1,200 per 40ft container.