Home » Breaking News, Maritime » Hapag-Lloyd adjusts rates for Asia-Arabian Gulf and Red Sea slings

Hapag-Lloyd will levy new rate hikes on the Far East-Arabian Gulf and Far East-Red sea loops effective next month.

Rates for all cargoes and all container types from East Asia (excluding Japan) to the Arabian Gulf will rise by US$300 per 20-foot-equivalent unit (TEU) from November 1.

The Arabian Gulf covers the ports in the United Arab Emirates, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, and Saudi Arabia.

The German box ship will also impose higher freight rates effective November 1 on the East Asia (excluding Japan)-Red Sea trade. The new rates will go up also by $300 per TEU. The Red Sea route includes the ports of Jeddah, Aqaba, Sokhna, Port Sudan, and Hodeidah.

Hapag-Lloyd also said it has revised its Asia-Europe service, primarily dealing with the removal of the Port Klang call.

The removal of Port Klang, Malaysia, from its EUM service already started on October 14 with the MOL Maxim sailing westbound from Pusan.

The revised port rotation is Pusan, Shanghai, Ningbo, Shekou, Hong Kong, Singapore, Jeddah, Damietta, Genoa, Fos, Barcelona, Valencia, Damietta, Jeddah, Singapore, Hong Kong, and back to Pusan.

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