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Home Freight News Major carriers to boost July rates

Major carriers to boost July rates

The largest shipping lines have announced new changes in their rating policy across the world from 1 July. Maersk Line, MSC, CMA CGM and Hapag-Lloyd will apply fresh prices in the next month in various regions in order to face the current challenging period, caused by the Covid-19 crisis.

In the first instance Maersk will increase freight of all kinds (FAK) rates "for a sample list of corridors, commodities and container types" from the Middle East, India and Pakistan to South Africa, effective from 1 July and until further notice, but not beyond 31 July.

OriginDestinationCommodity20 DC40 DC40 HIGH
Jebel Ali
Durban, ZA
FAK

US$350

US$680
US$680
Jawaharlal Nehru/ Mundra
Durban, ZA
FAK

US$550

US$950
US$950
Jeddah
Durban, ZA
FAK
US$1150
US$1650
US$1650
Pakistan
Durban, ZA
FAK

US$750

US$1350
US$1350

Hapag-Lloyd has also announced a number of new prices from the Middle East region to several destinations, which will take effect on 1 July.

The German company will apply the following general rate increase (GRI) for all cargo and container types from India, Arabian Gulf and Saudi Arabia to Africa.

Hapag-Lloyd has also published new ocean tariff rates for all cargoes for 20’ and 40’ general purpose containers, including high cube boxes, from the Middle East, Indian Subcontinent and Pakistan to North Europe and Mediterranean, effective from 1 July.

Furthermore, the Hamburg-based liner company has unveiled new East Asia rates, also effective from the first day of the next month, for all cargoes in 20’ and 40’, including High Cube containers, standard, reefer and special containers.

In addition, Hapag-Lloyd will introduce a GRI of US$300/TEU for all equipment types, from East Asia (including Japan) and Oceania to Arabian Gulf and Red sea as of 1 July.

Moreover, French operator CMA CGM will apply fresh Asia FAK rates from 1 July (date of loading in the origin ports in Asia) and until further notice, but not beyond 14 July, for dry cargo, out of gauge cargo, paying empties and reefer cargo.

From All Asian ports

FAK

FAK

FAK
All Northern European ports (including the United Kingdom and the full range from Portugal to Finland/Estonia)

Lastly, Swiss-based MSC and Hapag-Lloyd will implement new charges from European ports over the next month.

In particular, MSC, will apply new FAK rates from Antwerp and La Spezia to Australia and New Zealand, as follows:

All Prices are in US Dollars unless otherwise specified

EUtoAus-NZCap1.JPG

EUtoAus-NZCap2.JPG

At the same time, the German carrier's FAK ocean tariff rates from North Europe to the Caribbean, Central America, South America West Coast (SAWC) and South America East Coast (SAEC) base ports will be:

Note: Due to national filing regulations, the effective dates for Puerto Rico, Virgin Islands (US) will be 12 July.

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