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Major shipping lines to raise rates in October and November
SHIPPING lines Maersk Line, MSC, CMA CGM, Hapag-Lloyd and OOCL are implementing a series of freight rate hikes on numerous trade lanes, starting this month and next.
Maersk Line is raising rates for all kinds of freight (FAK) from Asia to the Mediterranean; Far East Asia to the United States and Canada; Far East Asia to West Africa; Far East to North Europe; Far East Asia to the west coast of Central and South America, Mexico, Panama and the Caribbean; and the Mediterranean and Black Sea to the Middle East and Indian Subcontinent, reported American Shipper.
CMA CGM is implementing general rate restorations for all types of cargo transported from all Asian ports to all Middle East Gulf ports. Rates will go up by US$200 per TEU starting from October 15.
Effective from November 1, rates for dry and reefer cargo transported from North Europe and Baltic ports to the east coast of South America will be increased by EUR175 ($194) per TEU and EUR300 per FEU.
Rates for dry, reefer, out of gauge (OOG) and breakbulk cargo originating in Asia, including Korea, Taiwan, Japan, Southeast Asia and Bangladesh, transported to Kenya and Tanzania will rise by $300 per TEU and $600 per FEU, effective November 1.
The French shipping line also announced new FAK rates on the Asia to Mediterranean and Asia to North African trades, starting from October 15.
Hapag-Lloyd will from November 1 raise its FAK rate for all cargo and standard container types from the North Continent and the Mediterranean to East Asia. The carrier also issued a general rate increase from the western Mediterranean to the US for all cargo and container types. Starting November 4, rates will go up by $175 per TEU and $250 per FEU.
OOCL is increasing freight rates by $800 per TEU for cargo transported from the Far East (excluding Japan) to north Europe, the Mediterranean and the Black Sea, starting from October 17. In addition, MSC has adjusted rates from Europe to Asia and the Middle East (Gulf).
Maersk Line is raising rates for all kinds of freight (FAK) from Asia to the Mediterranean; Far East Asia to the United States and Canada; Far East Asia to West Africa; Far East to North Europe; Far East Asia to the west coast of Central and South America, Mexico, Panama and the Caribbean; and the Mediterranean and Black Sea to the Middle East and Indian Subcontinent, reported American Shipper.
CMA CGM is implementing general rate restorations for all types of cargo transported from all Asian ports to all Middle East Gulf ports. Rates will go up by US$200 per TEU starting from October 15.
Effective from November 1, rates for dry and reefer cargo transported from North Europe and Baltic ports to the east coast of South America will be increased by EUR175 ($194) per TEU and EUR300 per FEU.
Rates for dry, reefer, out of gauge (OOG) and breakbulk cargo originating in Asia, including Korea, Taiwan, Japan, Southeast Asia and Bangladesh, transported to Kenya and Tanzania will rise by $300 per TEU and $600 per FEU, effective November 1.
The French shipping line also announced new FAK rates on the Asia to Mediterranean and Asia to North African trades, starting from October 15.
Hapag-Lloyd will from November 1 raise its FAK rate for all cargo and standard container types from the North Continent and the Mediterranean to East Asia. The carrier also issued a general rate increase from the western Mediterranean to the US for all cargo and container types. Starting November 4, rates will go up by $175 per TEU and $250 per FEU.
OOCL is increasing freight rates by $800 per TEU for cargo transported from the Far East (excluding Japan) to north Europe, the Mediterranean and the Black Sea, starting from October 17. In addition, MSC has adjusted rates from Europe to Asia and the Middle East (Gulf).
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