Hapag Lloyd hikes dry cargo rates from Canada to India, Middle East to $150/TEU

German shipping group Hapag Lloyd has announced a general rate increase (GRI) from Canada West Coast to Middle East and the Indian subcontinent for dry cargo transported in 20TEU and 40 TEU containers, beginning 1 February. The new reference rate for such cargo originating from Vancouver, Canada to be offloaded at ports in India, Bangladesh, Pakistan, Sri Lanka, UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, Jordan, and Iraq, will be $150 per TEU, the company stated.