European lines drive up Asian rates

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Submitted by Elsewhere on 2020-Oct-21 Wed 16:51
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Asia rates have increased again, as some of the largest container shipping companies have announced new charges in the region.

In the first instance, Hapag-Lloyd has published higher prices in East Asia from next month. The German carrier will implement the following ocean tariff rates for all cargoes for 20’ and 40’ general purpose containers, including high cube boxes, on the eastbound trade from Turkey to East Asia, effective from 1 November.

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On the same date, the line will apply a general rate increase (GRI) of US$600 per box from East Asia to South America East Coast and a GRI of US$200 per 40' from Middle East, which includes Arabian Gulf, India and Saudi Arabia, to Ghana.


In addition, Hapag-Lloyd will implement a GRI of US$50 per 20' and US$100 per 40' in the transpacific westbound trade from Canada to East Asia, effective from 15 November.


All Hapag-Lloyd's GRIs will apply to all cargo and container types, according to the company's announcement.


Moreover, MSC has announced the following new freight rates from 1 November until further notice but not beyond the end of the month.


All Prices are in US$ unless otherwise specified.




CMA CGM has also announced new rates of US$300 per 20' and US$500 per 40', effective from 1 November, from all Far East Asia ports to Pakistan, India West Coast, India East Coast and Sri Lanka for dry, out of gauge, breakbulk and reefer cargo.


The Marseille-based carrier has also published new rates from West & East Mediterranean, Adriatic and Black Sea to the Indian Subcontinent and Far East, effective from 1 November, for dry cargo, as follows:




Additionally, CMA CGM has unveiled several Asian peak season surcharges (PSS), effective in November or late October.


CMA CGM has announced a PSS of US$150/TEU from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including the United Kingdom and the full range from Portugal to Finland/Estonia), effective from 1 November, for dry cargo and paying empties.


The carrier will also impose a PSS from North European ports to China and North & South Asia ports for dry cargo, from mid-November, of US$100 per 20' and 40'.


New freight of all kinds (FAK) rates will also be adopted from Middle East Gulf ports to all North European, Mediterranean and North African ports (offered in direct on CMA CGM services), applicable from 1 November.



On the same date, CMA CGM will apply new FAK rates from North Europe to Gulf and Red Sea, as follows:



Last but not least, the French shipping group has made known a PSS of US$200 per 20' dry (all types) and US$400 per 40' dry (all types) from all India, Sri Lanka and Pakistan ports to the Caribbean, Central America, Mexico East Coast, Northern Brazil & Guyana, South America East & West Coasts, effective from 23 October.


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