The box liner said a rate hike of US$300 per TEU (20-foot-equivalent unit) will be imposed on shipments on the Far East/Southeast Asia-Middle East network starting May 15.
Earlier, Emirates Shipping Line also released a series of advisories on adjustments to their charges for this month.
From May 1 until May 31, there will be fuel adjustment factor (FAF) for all cargoes on the intra-Asia lane, covering the Far East and Southeast Asia. The FAF is $48 per 20-foot container, including reefer, and $96 per 40-foot container and 40-foot high-cube container, including reefer.
At the same time, FAF for all east- and westbound cargoes on the Asia (Far East and Southeast Asia)-Middle East/Indian Sub-Continent route has been revised for May, as follows: $437 per 20-foot container of dry cargo, $874 per 40-foot container and 40-foot high-cube container of dry cargo, and $1,218 per 40-foot container and 40-foot high-cube container of reefer cargo only.
In addition, bunker adjustment factor (BAF) and currency adjustment factor (CAF) are also in effect on the Far East-East Africa trade loop for the whole month of May.
The BAF encompasses all westbound cargoes from China/Southeast Asia/Northeast Asia to all East Africa destinations, set at $750 per TEU. The BAF is valid from May 1 to May 31.
It also includes all westbound cargoes from the Indian Sub-Continent/Middle East to all East Africa destinations. The BAF is $450 per TEU, effective May 1-31.
Meanwhile, CAF for all westbound cargoes on the Far East/Indian Sub-Continent/Middle East-East Africa sling is 20 percent, in place from May 1 “until further notice.”