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Tuesday, September 22, 2020
Home Freight News European major lines push up Asia rates

European major lines push up Asia rates

CMA CGM has announced an increase in its rates from Asia to Red Sea Ports, Pakistan, India West Coast, India East Coast and Sri Lanka, effective from September.

  • Origin Range: From all Far East Asia ports
  • Destination Range: To Pakistan, India West Coast, India East Coast & Sri Lanka
  • Cargo: Dry, OOG, Breakbulk & Reefer cargo
  • Amounts: + US$300/20' | + US$500/40'
  • Effective date: 1 September 2020
  • Origin Range: From all Asian ports
  • Destination Range: To Red Sea ports
  • Cargo: Dry, OOG, Breakbulk & Reefer cargo
  • Amount: +US$200 per TEU
  • Effective date: 1 September 2020
  • Origin Range: From all Asian ports
  • Destination Range: To Red Sea ports
  • Cargo: Dry, OOG, Breakbulk & Reefer cargo
  • Amount: +US$200 per TEU
  • Effective date: 15 September

In addition, Hapag-Lloyd will implement the following general rate increase (GRI) on the eastbound trade from East Asia to all US and Canadian destinations as of 1 October (date of cargo receipt at origin).

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

East Asia to North America (US and Canada)

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

East Asia is defined as being the countries/districts of Japan, Republic of Korea, China/Taiwan, China/Hong Kong, China (PRC), China/Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Republic of the Philippines and Russian Pacific Coast Provinces

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