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Carriers apply widespread rate rises, but delay US increases

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Submitted by Elsewhere on 2020-Oct-15 Thu 12:42
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Shipping lines have pushed up their rates again across the world with three out of the five largest container shipping companies announcing a number of increases on a variety of trade routes.

But notably, Hapag-Lloyd has postponed its US rate rise, which was subject to Federal Maritime Authority scrutiny, to November.

The German carrier has rescheduled the 15 October GRI from East Asia to the US and Canada, with the exception of all Japan origin cargo.

The new effective date of the this GRI, excluding Japan, will be 15 November. This GRI 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 all 20' container types
  • US$1200 per all 40' container types

East Asia is defined as being the countries/districts of 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.

Hapag-Lloyd will apply a number of higher prices from 1 November its rates on the Middle East and Indian Subcontinent trades for all dry cargoes for 20’ and 40’ general purpose containers, including high cube containers.

  • Indian Subcontinent to Mediterranean

  • Indian Subcontinent to North Europe

  • Italy to Middle East & Indian Subcontinent

Standard Containers

  • Middle East and Pakistan to Mediterranean

  • Middle East and Pakistan to North Europe

  • Turkey to Middle East

Standard Containers

The Hamburg-based shipping line has also announced new East Asia charges, with the first general rate increase (GRI) of US$300 per container taking effect today, 15 October, and applying to all cargoes and all container types from East Asia to South America East Coast.

Moreover, the German firm will increase its ocean tariff rate for all cargoes in 20’ standard containers on the east bound trade from Turkey to East Asia, effective today.

Standard Containers

 

Additionally, Hapag-Lloyd will implement an intra-Asia GRI of US$200 per 40’ high cube container from Nhava Sheva, India to Chittagong, Bangladesh effective as of 21 October.

 

CMA CGM has also unveiled several new rates which will take effect from late October and early November.

 

The Marseille-based container line will apply the following general rate restorations (GRR) from the West Coast of India for all dry, out of gauge (OOG) and breakbulk cargo, except for reefer containers.

 

  • From India West Coast to South Africa all ports
  • Effective 30 October
  • Quantum: US$100 per 20' | US$100 per 40'

 

  • From East Coast South America to West Africa, East Africa, South Africa, Indian Ocean, Arabian Gulf & West Coast North of India
  • Effective 1 November
  • Quantum: US$150 per 20' | US$150 per 40'

 

 

 

 

 

 

 

 

 

 

 

In addition, CMA CGM has announced a new peak season surcharge (PSS) of US$250/20' | US$500/40' from Asia & East Coast of India to Douala, Cameroon for all cargo dry, OOG & breakbulk, effective from 25 October.

 

Another PSS of US$200 per 20' and US$400 per 40' will be implemented by the carrier for dry cargo from all India and Sri Lanka ports to all North European (including the United Kingdom, Scandinavia, Baltic and Poland) and East & West Mediterranean ports. This surcharge will take effect on 23 October.

 

Last but not least, CMA CGM has announced fresh freight of all kinds (FAK) rates as follows as from 1 November (date of loading in the origin ports) until further notice:

 

  • Origin range: Europe, Scandinavia, Black Sea and West Mediterranean
  • Destination range: Port Louis, Mauritius
  • Cargo: dry, open top, flat rack, Shipper Owned Container (SOC)
  • Amounts: €1,535 (US$1797) per 20' dry | €2,970 (US$3477) per 40' dry | €2,970 (US$3477) per 40' HC

Another major shipping line that has revealed new charges is MSC with a PSS of US$200 per container applicable on the following rates as from 15 October until further notice but not beyond the end of the month.

All Prices are in US$ unless otherwise specified

India-to-Europe-10-8-1.JPGIndia-to-Europe-10-8-2.JPG

 

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