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Sara members apply increase
Eight members of the South-East Asia Rate Agreement (Sara) have announced a rate restoration of US$100 per teu (20 ft equivalent unit) in Hong Kong, China (with the exception of Guangdong) and South Asia trade from June 1.
The lines - APL, Maersk, Mistui, Nippon Yusen Kaisha, Pakistan National Shipping Corp, P&O Nedlloyd, Sea-Land and United Arab Shipping Co - said the restoration was to meet rising operating costs and weakening freight rates.
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