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Maersk Line to increase Asia-Europe rates by US$800 TEU

[COPENHAGEN] Shipping company Maersk Line, owned by AP Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by US$800 per 20-foot equivalent unit (TEU) from June 1, it said on Tuesday.

With a fleet of more than 600 vessels, Maersk Line has a market share of about 20 per cent on the world's busiest routes between Asia and Northern Europe.

The world's third-largest container shipping group, France's CMA CGM, said on Monday that it intends to increase rates by US$1,000 from June.