SINGAPORE, April 19 (Reuters) – The world’s largest container transport firm Maersk Line, owned by A.P. Moller-Maersk, plans to extend freight charges for transporting containers from Asia to Northern Europe by $550 per 20-foot equal unit (TEU) from May 1, it mentioned on Tuesday.

The trade has been grappling with overcapacity and freight charges for transport containers on the important thing route have plummeted 78 p.c this 12 months to a degree extensively extensively seen as loss-making.

Maersk Line additionally goals to lift freight charges from Asia to some ports in Central America and South America’s west coast by $1,050 per TEU from May 15. (Reporting By Jacob Gronholt-Pedersen; Editing by David Goodman)