Home » Breaking News, Maritime » Hapag-Lloyd jacks up freight rates for East Asia-US trade

German ocean carrier Hapag-Lloyd said it will implement rate hikes for all dry, flat rack and open-top containers from East Asia to all U.S. destinations effective August 7, 2012.

From East Asia to the U.S. West Coast, the general rate increases (GRIs) are as follows:

* US$420 per 20-foot standard container
* $525 per 40-foot standard container
* $590 per 40-foot high cube container
* $665 per 45-foot container

Rate hikes to the U.S. East Coast and U.S. IPI and RIPI are:

* $600 per 20-foot standard container
* $750 per 40-foot standard container
* $845 per 40-foot high cube container
* $950 per 45-foot container

East Asia is comprised of Japan, Korea, Taiwan, Hong Kong, China, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Philippines, and the Russian Pacific Coast provinces.

 

Photo courtesy of Hapag-Lloyd

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