Reefer rates out of Europe take a hike

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Submitted by Elsewhere on 2020-Nov-23 Mon 15:20
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500Foods shared this story from Container News.

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European reefer rates are seeing upward pressure with some major lines announcing significant increases, for reefer cargo in particular, but also for standard freight containers too.

CMA CGM has unveiled the largest peak season surcharge (PSS) of US$600 per reefer box from North Europe, Baltic, Scandinavia and Poland to Middle East Gulf, Red Sea, India and Pakistan, effective from 1 December.

On the same date, Hapag-Lloyd will apply a PSS of US$200/reefer container from Spain, Italy and Morocco to Canada and the US on its Mediterranean Canada Service (MCA) service.

Additionally, the German carrier has also announced an increased ocean tariff rate for all cargoes in 20’ and 40’ standard containers on the east bound trade from Spain and Italy to East Asia.

Valid for sailings commencing on 1 December onwards and until further notice, Hapag-Lloyd’s rates from Spain and Italy to East Asia will be:

 

In the meantime, the French shipping group will implement another PSS on 3 December. This surcharge will apply for all cargo types (except out of gauge) from Italy to Central America East & West Coasts, Mexico West Coast, the Caribbean & Winwards (Puerto Rico & Cuba excluded) and will be €50 (US$60)/20' | €75 (US$90)/40'.

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