Home » Breaking News, Maritime » Hapag-Lloyd to bolster Asia-North America rates
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Hapag-Lloyd will implement a general rate increase (GRI) on all dry, reefer, flat-rack and open-top containers from East Asia, India, and the Indian Sub-Continent (ISC) to all United States and Canada destinations effective September 1.

From East Asia, India, and ISC to U.S. West Coast port locations, Vancouver, and British Columbia Province, the rate hikes will be US$320 per 20-foot standard container, $400 per 40-foot standard container, $450 per 40-foot high-cube container, and $506 per 45-foot container.

From Asia to the U.S. East Coast port locations and U.S. inland point intermodal and reverse inland point intermodal locations, Toronto, Montreal, Halifax all-water, and all other Canada inlands, the GRIs will be $480 per 20-foot standard container, $600 per 40-foot standard container, $675 per 40-foot high-cube container, and $760 per 45-foot container.

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

The Indian Sub-Continent is defined as Pakistan, Bangladesh, and Sri Lanka.

Hapag-Lloyd will also increase rates effective August 15 for all cargoes and container types from East Asia (excluding Japan) to the Arabian Gulf. The rate increase is $200 per TEU.

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

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