14.2 C
Tuesday, July 7, 2020
Home Freight News CMA CGM and Hapag-Lloyd reveal fresh rates

CMA CGM and Hapag-Lloyd reveal fresh rates

French carrier CMA CGM and German operator Hapag-Lloyd have announced new freight rates for June and July in several regions around the world.

Effective from 15 June, the Marseille-based company will implement a rate restoration programme from all Asian ports to the Red Sea region for dry, out of gauge (OOG), breakbulk and reefer cargo of US$300/TEU.

In addition, the French shipping group will apply new weight charges from Spain and Italy. In particular, CMA CGM will introduce a weight charge of €10 (US$11.35) per unit for exports of dry and reefer cargo from Barcelona, Bilbao, Gijon, Vigo and Valencia in Spain from 1 July and 10 July for US trades.

Apart from this, CMA CGM has announced an overweight surcharge (OWS) of US$100/20′ from the port of La Spezia in Italy to Far East for 20′ dry with cargo gross weight equal or superior to 18 tonnes. This surcharge has been effective from 5 June.

Meanwhile. the carrier will cancel its OWS of US$200/TEU between India and the following West African ports from 12 June.

AngolaCabinda, Luanda, Lobito, Namibe, Soyo
CameroonDouala, Kribi
CongoPointe Noire
DRCBanana, Boma, Matadi
NamibiaWalvis Bay
NigeriaApapa, Tincan/Lagos

Furthermore, Hapag-Lloyd has announced new rates mainly in Indian Subcontinent and Middle East trades.

The carrier will apply new general rate increases (GRI) in July for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers.

From the Indian Subcontinent and Middle East to US and Canada – Effective date: 3 July

  • US$640/20′ standard container
  • US$800/40′ standard container (40′ x 8’6″)
  • US$800/40′ high cube container (40′ x 9’6″)
  • US$800/40′ reefer container (40′ x 9’6″)

From East Asia (including Japan & Oceania) to Indian Subcontinent – Effective date: 1 July

  • US$200/TEU

Moreover, Hapag-Lloyd has published an increased ocean tariff rate for all container types (including reefer and special cargoes) on the Middle East Trade from South Europe, North Africa, East Mediterranean and Black Sea ports to the Middle East and Indian Subcontinent destinations.

Valid for sailings commencing on 1 July onwards and until further notice, the company’s ocean tariff rate will be:

Indian subcontinent: India, Bangladesh, Pakistan and Sri Lanka.
Middle East: UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia and Jordan.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

MSC joins technology and digitalisation maritime group

MSC (Mediterranean Shipping Company) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardisation and harmonisation of the...

US exporters more likely to misdeclare dangerous cargo says NCB

In a recent survey of US export containers the National Cargo Bureau (NCB) found that 38% of containers had misdeclared cargo, according to a...

BoxBay real-life test operations to launch this summer

DP World, the Dubai-based logistics company, has completed the assembly of the world’s first container High Bay Store system (HBS) at Jebel Ali Port. BoxBay...

Seoul mandates comprehensive freight disclosures

South Korea's Ministry of Oceans and Fisheries (MOF) has acted to improve the transparency of container freight charges so that shippers will be better...

COSCO to develop blockchain solutions with Alibaba group

China COSCO Shipping Corporation has signed a collaboration agreement with compatriot e-commerce giant Alibaba and the latter’s fintech affiliate, Ant Financial Services Group (formerly...