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Carriers pushing Asia rate increases into December

CMA CGM and Hapag-Lloyd have announced rate increases on their Europe to Asia services and the companies boost rates in Asian regional services, as demand for space continues to grow.

CMA CGM has published new freight of all kinds (FAK) rates from North European ports to China and North & South Asia ports. The new FAK rates will be as follows:

US$1,150 per 20' Standard container (ST) | US$1,450 per 40' ST | US$1,450 per 40' High Cube container (HC)

The updated rates will be effective from 1 December and are subject to the following peak season surcharge (PSS): US$100 per 20' standard box, US$100 per 40' standard box and high cube containers.

Additionally, the French carrier will implement a general rate increase (GRI) of US$300 from Asia including China, Taiwan, South Korea, South East Asia, East Coast of India, Bangladesh and Sri Lanka, but excluding Japan, to Kenya, Tanzania, Mozambique and South Africa. The GRR will apply to dry, out of gauge (OOG) and breakbulk cargo from 15 November.

Furthermore, Hapag-Lloyd will increase charges in the Middle East and Indian Subcontinent regions, effective from the beginning of December for all cargoes for 20’ and 40’ dry containers (including high cube boxes) on the Middle East Trade.

Turkey and Greece to Middle East and Indian Subcontinent

Standard container

Black Sea, North Africa (excluding Egypt), East Adriatic and East Mediterranean (excluding Turkey) ports to all Middle East & Indian Subcontinent

Standard container

Last but not least, the Hamburg-based shipping company will apply a new GRI from the Middle East and Indian Subcontinent to the United States and Canada, with an effective date of 1 December.

  • US$480 per 20' ST
  • US$600 per 40' ST
  • US$600 per 40' HC
  • US$600 per 40' reefer container

The GRI will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers.

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