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Major lines push up Asia rates

Senior shipping companies have increased their charges in Asia, effective from the upcoming September.

CMA CGM has announced a general rate restoration (GRR) from some Asian countries to Africa and the Indian Ocean, for all dry, reefer, out of gauge (OOG) and breakbulk cargo, effective from 1 September.

  • From China, South Korea and Taiwan
  • To West Africa all ports
  • Quantum: US$500/20' | US$1,000/40'
  • From South East Asia and East Coast of India
  • To West Africa all ports
  • Quantum: US$500/20' | US$500/40'
  • From Asia including China, South Korea, Taiwan, South East Asia, East Coast of India, Bangladesh and Sri Lanka
  • To East Africa, South Africa & the Indian Ocean
  • Quantum: US$300/20' | US$600/40'

The French carrier has also unveiled fresh freight of all kinds (FAK) rates from all Asian ports to several destinations across the world, as follows as from 1 September (date of loading in the origin ports) until further notice (but not beyond 14 September):

Origin: All Asian main portsFAK

Origin: All Asian main portsFAK

Origin: All Asian ports (including Japan, Southeast Asia and Bangladesh)

FAK

Additionally, the Marseille-based company has announced a peak season surcharge (PSS) of US$150/TEU, applicable on quarterly and long-term deals, from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including the United Kingdom and the full range from Portugal to Finland/Estonia) for dry and paying empties. The PSS will be applicable from 1 September (date of loading in the origin ports) until further notice but not beyond 30 September.

German carrier Hapag-Lloyd has also revealed new ocean tariff rates from the Indian Subcontinent and East Asia to North Europe and Mediterranean, effective from the first day of September.

"As we currently see a relatively high demand with still restricted supply this is the key reason for the rate increases," a Hapag-Lloyd spokesperson told Container News.

Moreover, the Hamburg-based line will apply a general rate increase (GRI) from East Asia to East Coast South America from 1 September and to the United States and Canada from 15 September.

East Asia to East Coast South America

  • US$1000 per Container
East Asia to North America (USA and Canada)

  • US$960 per all 20' container types
  • US$1200 per all 40' container types

East Asia is defined by Hapag-Lloyd 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.

Furthermore, Maersk Line has announced a rate increase, due to changing market conditions affected by the Covid-19 situation, from 15 September.

OriginsDestinationsCargo Type20DC40DC / 40High / 45HDry40HREEF
Pakistan, UAE and
Indian sub-continent
US and Canada
DRY/REEF
US$500
US$500
US$200

In addition, Maersk is introducing a PSS for all dry cargo from Far East Asia to Mediterranean, effective from 21 August 2020.

Charge CodeOriginDestinationContainer Size TypeCharge BasisNew Levels
PSS
Far East Asia Countries
South Europe Countries
All 20 Dry
Per Container
US$125
PSS
Far East Asia Countries
South Europe Countries
All 40 Dry
Per Container
US$250
PSS
Far East Asia Countries
South Europe Countries
45HDRY
Per Container
US$250

MSC (Mediterranean Shipping Company) will also apply the following freight rates as from 1 September until further notice but not beyond 30 September.

All Prices are in US Dollars unless otherwise specified

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