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Home Freight News European lines set new Asia prices

European lines set new Asia prices

European container lines have announced new increases in Asia services from November and December.

CMA CGM has unveiled new freight of all kinds (FAK) rates, applicable as from today, 16 November from Asia ports, including China, Taiwan, South Korea, South East Asia, East Coast of India, Bangladesh & Sri Lanka (Japan excluded) to Pointe des Galets, Reunion & Longoni, Mayotte.

20'40'40'HC40' Reefer
Shanghai > Pointe des GaletsUS$1,528US$2,808US$3,006US$4,600
Shanghai > LongoniUS$1,628US$3,256US$3,456US$5,000

The French carrier will also apply a new general rate restoration (GRR) from Asia to Africa, as follows:

Origin: China, Taiwan and South Korea

Destination: Kenya and Tanzania

Cargo: Dry, reefer, out of gauge (OOG) and breakbulk

Quantum: US$300/TEU

Effective date: 23 November

Origin: China

Destination: West Africa

Carog: All cargo dry, reefer, OOG and breakbulk

Quantum: US$500/20' | US$1,000/40'

Effective date: 1 December

Origin: North East Asia, South East Asia & East Coast of India

Destination: West Africa

Caro: All cargo dry, reefer, OOG and breakbulk

Quantum: US$300/20' | US$600/40'

Effective date: 1 December

Additionally, CMA CGM will implement a peak season surcharge (PSS) of US$500/TEU from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including UK and the full range from Portugal to Finland/Estonia) for dry cargo and paying empties from 1 December.

Furthermore, the Marseille-based shipping company will apply increased rates from all Far East Asia ports to Pakistan, India West Coast, India East Coast & Sri Lanka for dry, out of gauge cargo, breakbulk & reefer cargo from 1 December, as follows:

  • Amounts: +US$300/20' | +US$600/40'

Due to the strong demand for containers in Asia, CMA CGM has also announced the rate increase applied to 40' high cube containers bound for Indian Ocean destinations listed below as follows, effective immediately for all new bookings to be loaded as from 16 November until further notice:

  • Origin: Asia including China, Taiwan, South Korea, South East Asia, East Coast of India, Bangladesh & Sri Lanka (Japan excluded)
  • Destination: The Indian Ocean including Comoros, Madagascar, Maldives, Mauritius & Seychelles
  • Cargo: 40' HC dry containers
  • Quantum: US$200 per unit

Moreover, Hapag-Lloyd has announced the following ocean tariff rates for all cargoes in 20’ and 40’ (including high cube containers) on the westbound trade from Japan to North Europe and Mediterranean.

Valid for sailings commencing on tariffing date 1 December onwards and until further notice, Hapag-Lloyd’s ocean tariff rates from Japan will be as follows:

FAK subject to marine fuel recovery (MFR)

The German firm will also implement an increased ocean tariff rate for all cargoes in 20’ and 40’( incl. High Cube) reefer containers on the east bound trade from Italy to East Asia.

Valid for sailings commencing on 1 December onwards and until further notice, Hapag-Lloyd’s Ocean Tariff rates from Italy to East Asia will be:

In addition, Hapag-Lloyd will apply two new PSS. The first one will be from North East Asia to Auckland from 18 November, as follows:

  • US$250/20’ all equipment types
  • US$500/40’ all equipment types

The second one will be US$150 per container from North Europe to Middle East & Indian Subcontinent for dry, reefer and special equipment from 1 December.

Hapag-Lloyd will postpone the implementation of the 15 November General Rate Increase (GRI) in the eastbound trade from East Asia to all US and Canada destinations. The new effective date of this GRI will be 15 December. This GRI had already been postponed from October 15, 2020.

This General Rate Increase will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

  • US$960 per all 20' container types
  • US$1200 per all 40' container types

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