Hamburg, Germany-based Hapag-Lloyd will implement a general rate increase (GRI) on its network services covering the Far East to the Arabian Gulf and the Red Sea trade lanes starting mid-January this year.
Rates for all cargoes and container types from East Asia (excluding Japan) to the Arabian Gulf and the Red Sea will go up by US$200 per TEU (20-foot-equivalent unit) effective January 15, 2014.
East Asia consists of Japan, Korea, Taiwan, Hong Kong, China, Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Philippines, and the Russian Pacific ports of Vladivostok and Vostochny.
The Arabian Gulf is defined as the ports in the United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Qatar, and Saudi Arabia.
The Red Sea encompasses the ports of Jeddah, Aqaba, Sokhna, Port Sudan, and Hodeidah.