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Tuesday, November 24, 2020
Home Freight News Major lines push up Europe and Med prices

Major lines push up Europe and Med prices

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

  • Standard Container

Middle East and Pakistan to North Europe

  • Standard Container

Middle East and Pakistan to Mediterranean

  • Standard Container

Indian Subcontinent to North Europe

  • Standard Container
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