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Home Freight News Major lines unveil fresh Asia rates

Major lines unveil fresh Asia rates

CMA CGM and Hapag-Lloyd have announced new prices from Asia to various destinations, effective from mid-July and August.

Hapag-Lloyd will implement the following general rate increase (GRI) in the eastbound trade from East Asia to all United States and Canada destinations as of 15 August (date of cargo receipt at origin).

This GRI will apply to 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 per all 20' container types
  • US$1200 per 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, The Philippines and Russian Pacific Coast Provinces.

In addition, CMA CGM has published a general rate restoration (GRR) from Asia to Mozambique and West Africa. With effect from 16 July, the French carrier will apply a GRR of US$150/TEU from Asia, including China, Taiwan, South Korea, South East Asia, East Coast of India, Bangladesh & Sri Lanka and excluding Japan, to all ports in Mozambique. This GRR will apply to dry, reefer, out of gauge (OOG) and breakbulk cargo.

In addition, CMA CGM will apply the following GRR, effective from 20 July for dry reefer, OOG and breakbulk cargo:

  • Origin: China, South Korea and Taiwan
  • Destination: West Africa (all ports)
  • Quantum: US$200 per 20' | US$400 per 40'
  • Origin: South East Asia & East Coast of India
  • Destinations: West Africa (all ports)
  • Quantum: US$200 per 20' | US$200 per 40'

 

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