Starting February 2013, Shipping Corporation of India (SCI) decided to raise the freight rate on container cargo by 300 per Twenty Foot Equivalent Unit (TEU).
The company raised the rate for ISE Service (Indian Subcontinent to Europe) applicable for the shipments from Indian Sub-continent to Europe, Mediterranean, Black Sea & Red Sea trade route.
SCI said it decided to raise rate in order to meet increasing operational costs and maintain high level of reliability and proficiency to its customers.
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