To meet increasing operational costs and maintain a high level of reliability and proficiency in its service to customers, the Shipping Corporation of India (SCI) has announced rate hikes on the ISE and IPAK services (Indian Subcontinent to Europe) with effect from December 1, 2013.

The freight rate increase will be $ 250/TEU and $ 500/FEU, disclosed an official release. The hikes would be applicable for shipments from Indian Subcontinent to Europe, Mediterranean, Black Sea and Red Sea trade routes.

SCI will continue to operate the services with high level of reliability and proficiency and will meet the expectations of its customers, the release stressed.