Seago Line to Increase Rates Across Its Trades

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.”

Share this article

Follow World Maritime News

Posted on February 6, 2017 with tags .

In Depth>


<< Feb 2019 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >


The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >


LNG2019 features the largest number and highest level of LNG industry leaders.

read more >