16.6 C
Hamburg
Thursday, October 6, 2022
Home Freight News MSC increases freight rates from Africa to Europe

MSC increases freight rates from Africa to Europe

Mediterranean Shipping Company (MSC) has published new Freight All Kinds (FAK) increases for cargoes travelling from Africa to Europe.

The updated prices will be effective from 11 November.

Firstly, the Swiss carrier will implement a FAK rate increase for sailings from the ports of Durban, Coega and Cape Town in South Africa, with destinations to Antwerp, Rotterdam, London Gateway and Le Havre.

The newly formed prices which will be applied to all standard containers will be US$2,250 and US$1,850 per TEU and FEU, respectively.

In addition, the second-largest shipping line in the world will push up its FAK rates for shipments from Walvis Bay in the African town of Namibia to the aforementioned European ports.

Moreover, another FAK rate increase will be imposed by the Geneva-based liner operator to cargoes transferred from the ports of Mozambique, and particularly, from Maputo, Beira and Nacala, to the ports of Antwerp, Rotterdam and London Gateway.

The newly increased rates that will be applied to 20' and 40' standard containers will be US$2,450 and US$2,250, accordingly.

Latest Posts

MABUX reports upward trend in bunker indices

Over Week 40, Marine Bunker Exchange (MABUX) global bunker indices turned to upward evolution with the 380 HSFO index increasing last week to US$502.55/mt,...

Maersk’s Performance Team deploys first Volvo electric trucks in Southern California

Maersk-owned Performance Team has deployed its first Class 8 battery-electric trucks from Volvo Trucks North America in Southern California in response to customer demand...

Drewry’s WCI loses three-fourth of pandemic gains despite record high US-Europe rates

The losses for the Drewry's World Container Index (WCI) keep stretching. The Index lost 8% to end at US$3,688.75 for the week, extending its...

Port Houston orders 26 hybrid Konecranes RTGs

Port Houston has ordered 14 hybrid Konecranes rubber tyred gantry cranes (RTGs) for its Barbours Cut Container Terminal and 12 hybrid Konecranes RTGs for...

Indian container trade flows begin to moderate amid export growth pressure

According to the latest port data secured by Container News, the pace of Indian containerised trade flows has begun to slow down after recording...