German ocean carrier Hapag-Lloyd announced plans to increase rates effective August for its East Asia-Caribbean/East Coast Central America/Panama service.
From August 1, Hapag-Lloyd’s rates for all cargoes and container types from East Asia to the Caribbean, East Coast Central America, and Panama will go up by US$700 per 20-foot container (TEU) and $1,000 per 40-foot container unit (FEU).
The Hamburg-based box liner also intends to implement a two-phase general rate increase (GRI) on the Far East-North Europe/Mediterranean trade lane.
From July 14, the first GRI of $500 per TEU will be applied to all cargoes and container types on the Far East westbound trade.
Another GRI will be imposed on August 1, at $1,000 per TEU, on all shipments from East Asia (excluding Japan) to all North Europe and Mediterranean destinations.
North Europe is comprised of the Northwest Continent, UK, Scandinavia, Baltic, and the European ports of Russia.
The Mediterranean consists of the West Mediterranean, East Mediterranean, Black Sea, and North Africa.
East Asia covers Japan, South Korea, Taiwan, Hong Kong, China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific ports of Vladivostok and Vostochny.
Hapag-Lloyd also released earlier an advisory of a GRI on the trans-Pacific eastbound trade effective August 1.
The rate hike encompasses all dry, reefer, flat-rack and open-top containers from East Asia to all U.S. and Canada destinations.
The increases will be $640 per 20-foot standard container, $800 per 40-foot standard container, $850 per 40-foot high-cube container, and $1,076 per 45-foot container.
Meanwhile, CMA CGM will also hike its rates from August 1 for the Asia-South Africa and Mauritius loop by US$150 per TEU.
The general rate restoration will include goods from Asia, including Japan, Southeast Asia, and Bangladesh, bound for South Africa and Mauritius.
The French shipping line also unveiled a plan to raise freight fees for its Asia-Red Sea service effective July 15.
The rate hike of $300 per TEU will be levied on cargo from all Asian ports (including Japan, Southeast Asia, and Bangladesh) to the Red Sea ports of Jeddah, Ain Sukhna, Aqaba, Djibouti, Port Sudan, Aden, and Hodeidah.
Photo: jared422_80
