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Home Freight News Hapag Lloyd's last rates increases before cessation decision

Hapag Lloyd’s last rates increases before cessation decision

The German container carrier Hapag Lloyd has announced new freight prices, before the company's decision to pause any rates increases until 1 February, in Asia, Arabic Gulf and America, effective from 1 October.

Firstly, the Hamburg-based liner operator will apply a Peak Season Surcharge (PSS) from Pakistan to the ports in UAE, Oman, Kuwait, Iraq, Bahrain, Qatar, Dammam and Jubail in Saudi Arabia.

The surcharge that will be implemented to 20', 40' standard and high cube (HC) containers will be US$50 and US$100 per TEU, respectively.

In addition, Hapag Lloyd will impose a General Rate Increase (GRI) for boxes transferred from ports of US East Coast, West Coast, US Gulf and Canada, to Chile, Peru, Ecuador and Colombia Pacific.

This rate increase of US$150 per TEU and US$300 per FEU will be effective to all dry and reefer cargoes.

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