Home » Breaking News, Maritime » More box ships to levy rate hikes, surcharges over next 2 months

Sea carriers continue to set their rate restoration and surcharge imposition plans for the Asia-Europe trade, to be implemented next month and January 2013.

South Korea’s Hanjin Shipping said that effective December 16, rates for its Asia trade networks will go up “to cover the losses caused by the falling freight rates and maintain the quality of its services.”

For dry, reefer, and special shipments originating from Asia (including Japan) to North Europe, Baltic, and Scandinavia, as well as to the Mediterranean and North Africa, the rate hikes are US$600 per 20-foot-equivalent unit (TEU) and $1,200 per 40-foot-equivalent unit (FEU).

The same rate increases apply to similar shipments from IPBC (India, Pakistan, Bangladesh, and Ceylon) and the Middle East to North Europe, Baltic, Scandinavia, Mediterranean, and North Africa.

Meantime, Orient Overseas Container Line (OOCL) of Hong Kong will implement both a revenue restoration program in December 2012 and a peak season surcharge (PSS) in January 2013 on its Asia-Europe trade services.

From December 15, OOCL’s freight rates for westbound traffic from the Far East (including Japan), Indian Sub-continent and the Middle East to North Europe will  increase by $550 per TEU, and by $650 per TEU to the Mediterranean and Black Sea.

Moreover, a PSS of $350 per TEU will be implemented for the same westbound coverage effective from January 10, 2013.

French shipping giant CMA CGM is also poised to lay a rate restoration surcharge on its Far East trade effective December 15. The new rates from Asia (including Japan, Southeast Asia, and Bangladesh) to West Mediterranean, Adriatic, East Mediterranean, Black Sea, and North Africa destinations will be steeper by $575 per TEU.

It is also imposing a PSS of $350 per TEU on the same routes effective January 10, 2013.

 

Photo: mikecogh

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