Sunday, June 22, 2025
Home Most Visited - Newsletter Shipping lines announce rate changes in May

Shipping lines announce rate changes in May

In light of current market conditions, Hapag-Lloyd has announced that with effect from 1 May 2020 it will increase rates for all cargoes and all container types from East Asia to West Coast of South America, Mexico, Caribbean, Panama and South America East Coast as follows:

  • US$600 per Container

In addition, APL will apply a general rate increase (GRI) within the following scope:

Effective Date: 1 May 2020 and 15 May 2020 (both dates applicable)
Origin: China and Hong Kong
Destination: United Arab Emirates, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait and Iraq
Quantum: US$200/TEU

On the other hand, CMA CGM has announced that its peak season surcharge (PSS) of US$200 per dry container, from East Mediterranean & Black Sea to the Indian Subcontinent (including India, Pakistan & Sri Lanka), applicable since 15 March 2020 is to be cancelled as from 1 May 2020.





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!