HMM introduces GRI in Asia - Europe trade

Hyundai Merchant Marine (HMM President Suk-Hui Lee) announced a General Rate Increase (GRI) in Asia - Europe trade In order to maintain a high level of service stability in supply chain operations.

The GRI will be implemented as follows:

- Range: Asia (Including Japan)/India Sub-continent to NCP/MED trade
- Amount: $400 / TEU
- Effective from May 1st, 2012

A spokesman from HMM explained, "We would like to announce a General Rate Increase to viable levels for Dry/Reefer cargoes." < 김보람 기자 brkim@ksg.co.kr >