The European container shipping companies Hapag Lloyd and MSC have announced the implementation of fresh increases in rates from the Middle East and the Indian Subcontinent to several ports in America, which will be effective from mid-September and October.
In particular, the German liner operator Hapag-Lloyd will set a General Rate Increase (GRI) from the Middle East, which is consisted of India, Bangladesh, Pakistan and Sri Lanka, and the Indian Subcontinent, which includes the United Arab Emirates, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, Jordan and Iraq, to the East Coast of South America.
The rate increase of US$500 that will be applied to all 20′, 40′ dry and reefer containers, including high cubes (HC), will begin on 15 September.
On the same date, the Hamburg-based carrier will introduce a GRI of US$800 per 20′ standard and reefer cargo, and US$1,000 per 40′ standard, reefer and HC container for port locations, as well as a GRI of US$1,800 per 20′ standard and reefer box and US$2,000 per 40′ standard, reefer and HC cargo, for ramp locations.
This fresh increase will be imposed on shipments from the Indian Subcontinent and the Middle East to the United States (US) and Canada.
Furthermore, the Swiss shipping company MSC will apply a Freight All Kind (FAK) rates increase for cargo travelling from Israel to New York. The increased prices for 20′, 40′ dry and high cube containers that will take effect on 1 October, will be as follows:
