JAPANESE shipping giant MOL will levy a general rate increase from Malaysia to Mexico and the west coast of South America from February 7 of US$450 per TEU and $900 per FEU of all cargo types, it was announced in a notice to the trade.

"We would like to express our sincere appreciation for your continued support and understanding. Should you require further information, please do not hesitate to contact our local customer service team," said the MOL (Liner) notice.