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Hapag-Lloyd to apply new GRI

Hapag-Lloyd will implement the following General Rate Increase (GRI) in the eastbound trade from East Asia to all USA and Canada destinations as of June 15, 2019 (date of cargo receipt at origin). This General Rate Increase will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows: East …

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Maersk is increasing rates from East Asia

Maersk is announcing an increase in FAK rates (Freight All Kinds). Below are the FAK rates for a sample list of corridors, commodities and container types where the rate increase is effective. Far East Asia to West Africa Rate levels Origins Destinations Commodity 20DC 40DC 40High Shanghai Dakar FAK 3625 …

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Shanghai box freight index falls last week

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 2.7 percent to 756.88 last week from the previous Friday’s reading of 778.00 to a reading of 703.67, as increases from Shanghai to the Europe trade was not enough to offset declines from Shanghai to the U.S. trades.Spot rates from …

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CMA CGM cancels surcharges in Kuwait

Considering the evolution of the port congestion in Kuwait, where situation is improving in Shuwaikh, CMA CGM has decided to cancel the Port Congestion Surcharge previously applied to Shuwaikh imports, and this effective from June 1st, 2019.  

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APL to increase rates from Asia to Australia

APL will apply the General Rate Increase (GRI) within the following scope: Effective date: 1 June 2019 Origin: Japan, Korea, Hong Kong, Taiwan, China Destination: Australia Quantum: USD200/TEU and USD400/FEU Notes: 1. Effective date is based on sail/onboard date. 2. Applies to tariff and customer specifics agreements. 3. Applies to both dry and refrigerated …

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Maersk to introduce congestion fees in Tunisia

Maersk is introducing the Congestion Fee Destination (CFD) for ALL Cargo in Tunis (Tunisia), effective 1st June 2019 for Non-Regulated corridors and 08th June 2019 for Regulated corridors. The tariff levels are as follows: Surcharge code Origin Destination ALL 20 ALL 40 45 HC CFD World Tunis, TN 75 USD …

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NCFI Weekly Commentary

Spot Rates Dropped on Most Main Lanes by Demand In the week ending May-10, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 604.5 points, slightly falling by 3.6% against last week. Meanwhile, six of the selected twenty-one routes maintain an upward trend while other fifteen have …

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Maersk: New Peak Season Surcharge from Qasim

Maersk is introducing the Peak Season Surcharge (PSS) for 20 Dry Cargo in Port Qasim, effective 20th April 2019. The revised tariff amount is detailed as follow: Surcharge code Origin Destination Currency 20 DRY PSS Port Qasim Mombasa,Dar Es Salaam USD 50    

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China’s export container shipping index drops

China’s container transport for export purposes continued to contract last month due to weak demand during low seasons, according to a report released by the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) came in at 799.65 in April, down 3.8 percent from the previous month. The pace …

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