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Box lines plan March rate hikes for Far East routes

BarbadosGerman box ship liner Hapag-Lloyd will increase freight rates for all cargoes and container types on the East Asia-North Europe trade lane westbound and eastbound effective March 1, 2014.

The increase is US$525 per 20-foot container (TEU) westbound, applicable for all shipments from East Asia (excluding Japan) to all North Europe and Mediterranean destinations.

For eastbound containers, rate hikes of $150 per TEU and $250 per FEU (40-foot container) will apply from North Europe and the Mediterranean to East Asian destinations including Japan.

North Europe consists of the Northwest Continent, U.K., Scandinavia, Baltic, and the European ports of Russia.

The Mediterranean covers the West Mediterranean, East Mediterranean, Black Sea, and North Africa.

East Asia is comprised of Japan, South Korea, Taiwan, Hong Kong, China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific Ports of Vladivostok and Vostochny.

Meanwhile, Geneva-based Mediterranean Shipping Co. will apply a GRI on all cargo from the Far East to the South America East Coast, also from March 1.

The rate hikes are US$750 per TEU and $1,500 per FEU.

Marseilles, France-based carrier CMA-CGM will levy a general rate increase (GRI) for dry cargo from the Indian Sub-Continent to Europe, North Africa, and Latin America.

Effective March 1, the rates will go up by US$200 per TEU and $400 per 40-foot container.

The GRI covers trade routes from India, Pakistan, and Sri Lanka to North Europe, Scandinavia, Mediterranean Sea, Baltic, Black Sea, North Africa, Central America and Caribbean, and South America.


Photo: roger4336


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