Hapag-Lloyd raises North America rates

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Submitted by Elsewhere on 2021-Jan-14 Thu 06:16
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Hapag-Lloyd will introduce two new general rates increases (GRI) in the North American market from mid-February.

The German line will increase rates for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers from the US and Canada to the Arabian Gulf, Red Sea and Indian Subcontinent by US$50/TEU and US$100/FEU.

In addition, Hapag-Lloyd will implement a new GRI of US$960/TEU for all container types and US$1,200/FEU for all container types in the eastbound trade from East Asia to all US and Canadian destinations.

This rate increases will also apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers.

The Arabian Gulf is defined as United Arab Emirates, Kuwait, Bahrain, Iraq, Oman, Qatar, and the Saudi Arabia destinations of Dammam, Riyadh, and Jubail, while the Red Sea region is defined as Jordan and Saudi Arabian destinations including Jeddah, the Indian Subcontinent is defined as : India, Pakistan, Bangladesh and Sri Lanka.

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.

The post Hapag-Lloyd raises North America rates appeared first on Container News.

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