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Rates & Surcharges

Utilisation pushes freight rates down, except Atlantic, reports Sea-Intelligence

Sea-Intelligence analysis shows that during the pandemic period, a mix of high demand and loss of capacity due to vessel congestion resulted in record...

MSC announces rate increase from India and Pakistan to European major ports

Swiss/Italian container carrier Mediterranean Shipping Company (MSC) has announced the following freight rates, which will be effective from 1 March 2023 until 31 March...

Danish analysts see “price war” behind carriers reaction to recent container demand collapse

Danish maritime data analysis company noted the different approaches of container shipping lines to the demand decrease at the beginning of 2020 caused by...

Shanghai Composite Index falls into triple digits

The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for...

FMC calls on MSC to justify congestion fee imposed on US firm

The Federal Maritime Commission (FMC) of the United States has asked the largest container line in the world MSC to justify a congestion fee...

Drewry’s World Container Index sinks below US$2,000 for first time in 32 months

The Drewry's World Container Index (WCI) annexed the psychological mark of US$2,000 on the downside for the first time since July 2020, post the...

Hapag-Lloyd increases rates from Asia to Latin America

Hapag-Lloyd will implement the following General Rate Increase (GRI) from Asia, except Japan, to Latin America destinations from 21 February 2023. The new rates will...

Shanghai Composite Index hit three year low as spot rates register minor fall

The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2.3% this week to end at US$1,006, just a tad above...

CN analysis: Freight rates on Indian trades continue to cool amid falling export volumes

Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the...

Drewry’s World Container Index drops

Drewry's composite World Container Index fell 2% this week to US$2,046.51 per 40ft container. The Drewry WCI composite index is now already 80% down from...

Non-alliance share begins to fall as freight rates normalise

As the market recovered from the first Covid shock, a confluence of small carriers began to deploy capacity, particularly on the Transpacific trade, and...

CMA CGM announces new peak season surcharges worldwide

Marseille-headquartered container line CMA CGM has announced a new peak season surcharge (PSS) from Indian Subcontinent, Middle East Gulf & Red Sea to North...

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