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Home Freight News Shipping rates in Europe and East Asia continue upward trend

Shipping rates in Europe and East Asia continue upward trend

The largest shipping lines of the world have announced new charges in the European and East Asian regions in December and into next year.

Maersk has announced a new peak season surcharge (PSS) for reefer commodities from Far East Asia to North and South European countries. The surcharge will be US$1,000/20' reefer box, US$1,500/40' reefer container and will take effect from 15 December, apart from Taiwan, where the PSS will be effective from 1 January 2021.

On the same date, Maersk's 2M Alliance partner, Mediterranean Shipping Company (MSC) will apply the following freight of all kinds (FAK) rates from Europe to Canada and Mexico.

Cwefweapture.JPG

Csdsapture.JPG

  • Carrier Security Fee (CSF): US$11/container
  • Equipment Imbalance Surcharge (EBS) when applicable: US$500/reefer container, US$100/TEU per dry container

Additionally, MSC has already applied a PSS of US$500/20' and US$750/40' to all dry cargo from the United Kingdom, Ireland, North Spain, Portugal and ScanBaltic to the Far East from 1 December.

Furthermore, the Swiss-based carrier has implemented the following rate adjustments from 1 December 2020 until further notice but not beyond 31 December 2020.

capture-4.PNG

Moreover, CMA CGM, the third-largest container shipping company in the world, has introduced fresh FAK rates from North Europe to Canada, Mexico East Coast, US East & West Coast and Gulf, effective from the beginning of the new year.

FAK NEUR CANADA GB

  • Cargo: dry, reefer, tank and special equipment

FAK NEUR MEX GB

  • Cargo: dry, reefer, tank & special equipment

FAK NEUR US GB

  • Cargo: all types
  • USEC, US Gulf and USWC include New York, Norfolk, Savannah, Charleston, Houston, Miami, New Orleans and Oakland.

The Marseille-based carrier will also implement the following FAK rates from 1 January for dry, reefer, open top, flat rack and shipper owned container (SOC).

FAK EUROPE IO GB

Furthermore, Hapag-Lloyd has unveiled new General Rate Increases (GRI) from South and North East Asia to Australia for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers, effective from 1 January.

South East Asia to Australia

  • US$150/20’
  • US$300/40’

North East Asia to Australia

  • US$300/20’
  • US$600/40’

South East Asia comprises Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, while North East Asia comprises Korea, China, China/Hong Kong, China/Macau and China/Taiwan.

Another Hapag-Lloyd's GRI of US$550/ container will be applied from East Asia to South America East Coast with effect from 7 December for all cargoes and all container types.

In the meantime, Hapag-Lloyd has announced it will postpone the implementation of the 1 December GRI in the eastbound trade from East Asia to all United States and Canada destinations. The new effective date of this GRI will be 1 January 2021.

This General Rate Increase will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

East Asia to North America (USA and Canada)

  • US$960 per 20'
  • US$1200 per 40'

East Asia is defined as being the countries/districts of Japan, Republic of Korea, China/Taiwan, China/Hong Kong, China (PRC), China/Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, The Philippines and Russian Pacific Coast Provinces, according to Hapag-Lloyd.

Last but not least, the German carrier will introduce new ocean tariff rates from South and North Europe to various destinations from the start of 2021.

  • Spain, Portugal and Italy are excluded from the Mediterranean origins
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