Home » Breaking News, Maritime » Hapag-Lloyd sets rate hikes for North Europe and North America to East Asia loops

Hapag-Lloyd will impose general rate increases (GRIs) from North Europe to East Asia and from Canada and the U.S. to East Asia, the Indian Sub-Continent, and the Middle East.

The Germany-based Hapag-Lloyd said rates will be raised by US$225 per 20-foot equivalent unit (TEU) for all cargo and all container types from North Europe to East Asia.

The rate hikes take effect from March 19.

North Europe comprises the northwest continent, U.K., Scandinavia, Baltic, and the European ports of Russia.

East Asia comprises Japan, Korea, Taiwan, Hong Kong, China (PRC), Macao, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific ports of Vladivostok and Vostochny.

Hapag-Lloyd will also implement GRIs for all dry cargo (non-temperature controlled) and all container types from Canada and the U.S. to East Asia, Indian Sub-Continent and the Middle East as follows:

– From Canada: US$80 per TEU and $100 per 40-foot equivalent unit (FEU).

– From USA origins (except Los Angeles, Long Beach and Oakland, California): $80 per TEU and $100 per FEU.

– From Los Angeles, Long Beach, and Oakland: $40 per TEU and $50 per FEU.

Effective April 1, Hapag-Lloyd said East Asia will be comprised of Japan, Korea, Taiwan, Hong Kong, China (PRC), Macao, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Philippines, and the Russian Pacific ports of Vladivostok and Vostochny.

The India Sub-Continent comprises India, Pakistan, Bangladesh, and Sri Lanka.

The Middle East consists of Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Sudan, United Arab Emirates, Yemen, and the Red Sea ports of Egypt and Saudi Arabia.

 

Photo courtesy of Hapag-Lloyd

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