Seago Line to Increase Rates Across Its Trades
- Business & Finance
Due to the current intra-European trading conditions the container shipping firm Seago Line has decided to introduce an increase in FAK rates (Freight All Kinds) with an effective start date from 1st of March 2017.
The company informed that the conditions are “exceedingly affected by the increasing bunker prices, devaluation of the Euro and the British Pound which have a negative impact on the ability to maintain long term and sustainable service offerings.”
The new FAK rates will include the Basic Freight Rate (BAS) and the Bunker Adjustment Factor (BAF) but will be subject to Handling Charges, both import (IMP) and export (EXP), as well as subject to other applicable surcharges, including local charges and contingency charges, Seago Line said.
The rate increase is covering all container types on several Seago Line trades, including routes from Turkey, Greece and Black Sea to North Europe; from North Europe to Turkey, from Greece and Black Sea; from North Europe to South East Mediterranean; from West Mediterranean to North Europe; from North Europe to West Mediterranean as well as intra-Mediterranean routes.
Seago Line added that the rate increase is necessary for the company “to continue to operate its services with the high level of reliability.”