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Home Freight News Shipping giants keep pushing up rates across the globe

Shipping giants keep pushing up rates across the globe

Major shipping lines are continuing to increase rates in various regions, as part of their capacity management measures that have seen a squeeze on capacity that has bolstered rates during pandemic crisis.

Maersk Line has announced a rate increases from Pakistan, United Arab Emirates and the Indian Subcontinent to North America, comprised of the US and Canada, effective from 1 August.

OriginsDestinationsCargo Type20DC40DC / 45HDry40High / 40HREEF
Pakistan, UAE, and Indian sub-continent
United States and Canada
DRY
US$300
US$400
US$400 / US$200

Hapag-Lloyd will also implement a general rate increase (GRI) of US$640 per all 20' container types, US$800 for all 40' container types from the Indian Subcontinent and Middle East (UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia, Jordan) to all US and Canadian destinations for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers, effective from 1 August.

Additionally, MSC has published new prices from Europe to Mexico and Canada, effective from 1 August until further notice, but not beyond 31 August:

All prices are in US$ unless otherwise specified

EU-toMEX1-jul2.JPG

EU-to-CAN1-jul2.JPG

Furthermore, CMA CGM has revealed the following rates, effective from 15 July, from Asia to several destinations.

  • Destination Range: Red Sea ports
  • Cargo: Dry, Out of Gauge (OOG), breakbulk and reefer cargo
  • Amount: +US$200/TEU
  • Destination Range: North African base ports (areas mentioned below)
  • All outports in Asia and North Africa will be subject to additional surcharges

FAK

  • Destination Range: To all Mediterranean base ports (areas mentioned above)
  • All outports in Asia and the Mediterranean will be subject to additional surcharges

FAK

  • Destination Range: All Northern European ports (including UK and the full range from Portugal to Finland/Estonia)
  • Cargo: Dry cargo, OOG, paying empties and reefer cargo

FAK

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