Major lines push up Europe and Med prices

November 5, 2020

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CMA CGM ALASKA — Hapag-Lloyd and CMA CGM will raise their charges in Europe and Mediterranean from mid-November and December. Source: https://www.vesselfinder.com/

CMA CGM and Hapag-Lloyd have announced increases in their Europe and Mediterranean charges due to be implemented in November and December.

The French shipping company has published fresh freight of all kinds (FAK) rates from West Mediterranean, Adriatic, Black Sea and East Mediterranean to the Indian Subcontinent from 1 December, for dry cargo and special equipment in gauge.

FAK

CMA CGM will also apply two new peak season surcharges (PSS) in mid-November, as follows:

Origin: East & West Med, Adriatic, North Africa (Algeria, Tunisia & Libya) and Black Sea ports
Destination: India, Pakistan & Sri Lanka and inland points via said ports
Cargo: Dry & Special equipment in gauge
Amount: US$200 per 20′ dry | US$200 per 40′ dry
Payment: With the freight
Date of application: 12 November

Origin: West Mediterranean, East Mediterranean, Adriatic & Black Sea ports
Destination: Far East, Middle East Gulf & Red Sea
Cargo: Dry (OOG excluded)
Amount: US$200 per unit
Date of application: 15 November

Moreover, Hapag-Lloyd will implement an increased ocean tariff rate for all cargoes for 20’ and 40’ general purpose (including high cube containers) on the following trades.

Indian Subcontinent to Mediterranean