Major container lines have announced rate increases for a variety of trades, as detailed below, with most slated to take effect in August.
Asia-Europe
Effective Aug. 1, Maersk Line will hike rates from India and Sri Lanka to North Europe by $200 per 20-foot container and $400 per 40-foot, 40-foot high-cube and 45-foot high-cube container. Starting Sept. 1, Maersk Line will boost rates from the India subcontinent and the Middle East to North Europe by $350 per 20-foot container and $700 per 40-foot, 40-foot high-cube and 45-foot high-cube container.
Asia-Australia
Several carriers will implement rate increases from Asia to Australia, starting Aug. 1:
- Hapag-Lloyd will boost rates from Northeast Asia to Australia by $300 per TEU.
- OOCL will increase rates from Asia to Australia by $300 per 20-foot container and $600 per 40-foot and 40-foot high-cube container. OOCL also announced that from Southeast Asia to Australia, the hike will be $200 per TEU and $400 per FEU.
- Mediterranean Shipping Co. will raise rates on all cargo on its Capricorn service from Southeast Asia to Australia by $200 per TEU. The carrier will also hike rates from Korea, China and Hong Kong to Australia by $300 per TEU.
On Oct. 15, Hamburg Süd will boost rates $300 per TEU in its southbound trade for export shipments from Northeast Asia to Australia.
Asia-South America
Container lines are planning rate increases from Asia to Latin America:
Cosco will boost rates July 15 on shipments from the Far East to South America’s west coast and Mexico. The rate increased will be $750 per 20-foot container and $1,500 per 40-foot and 40-foot high-cube container.
On Aug. 1, Maersk Line will increase rates from Asia to Central America and South America’s west coast by $500 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container.
Trans-Pacific
The member lines of the Transpacific Stabilization Agreement plan the imposition of a peak-season surcharge of $400 per 40-foot container from Asia to North America, effective Aug. 1. Carriers announcing surcharges in line with the recommendations are listed below.
- CMA CGM subsidiary U.S. Lines will implement a peak-season surcharge, effective Aug. 1, on all cargo from Asia to the U.S. and Canada.
- Likewise, Hapag-Lloyd plans to implement a surcharge on the trade.
- MSC will implement a peak-season surcharge from Asia to the U.S. and San Juan, Puerto Rico.
- OOCL has delayed its peak-season surcharge for the trans-Pacific trade from Asia to U.S. destinations, originally set to take effect on July 15, until Aug. 1.
- APL is also imposing peak-season surcharges in the trans-Pacific trade, including from the Indian subcontinent, the Middle East and Australia.
Intra-Asia
On July 8, APL imposed a general rate increase on cargo from China to India, with the amount varying by origin. On July 9, APL is implementing a general rate increase in the amount of $100 per 20-foot and $200 per 40-foot container on cargo from India to the Port of Hodeidah, Yemen.
Cosco Container Lines increases rates on all shipments from the Far East to the Red Sea on July 8. The hike will be $250 per TEU. In addition, Cosco will raise rates by $100 per TEU from the Far East to the Indian subcontinent on July 22.
Miscellaneous Surcharges
Surcharges in various Asian trades have been planned for July and August:
- Hapag-Lloyd will revise its bill of lading amendment fee, starting July 22, for Indonesia. It will also implement a bunker adjustment factor for shipments from Northeast Asia to Australia, effective July 27.
- Beginning Aug. 1, OOCL will revise its fuel adjustment factor from the Middle East, India and Pakistan to Hong Kong, Macau and South China; the fuel adjustment factor from all Asian countries to Hong Kong, Macau and South China; its yen appreciation surcharge from Japan to Hong Kong, Macau and South China; and its emergency bunker surcharge from Thailand, Singapore, Malaysia, the Philippines, Vietnam and Indonesia to Hong Kong, Macau and South China.
MSC has announced the revised bunker contributions for southbound cargo from North Europe to South Africa and between North Europe and the Mediterranean and the west coast of South America, Central America and Venezuela. The revisions take effect in August.
CMA CGM is revising its terminal-handling charge in the Russian ports of Vladivostok and Vostochniy, effective July 15, to $200 per 20-foot container and $250 per 40-foot container, both dry and reefer.
In addition, on Aug. 1, CMA CGM will adjust its emergency fuel surcharge/bunker adjustment factor for cargo loading in the U.S. and Canada and discharging in Mexico, the Caribbean and Central and South America, as follows:
- $421 per 20-foot container (all cargo).
- $842 per 40-foot and 40-foot high cube (all cargo).
- $943 per 45-foot container (all cargo).
Also on Aug. 1, for reefer cargo loading in the U.S. and Canada, except Miami, and discharging in those same regions, CMA CGM is adjusting its reefer consumption surcharge as follows:
- $63.15 per 20-foot refrigerated container.
- $126.30 per 40-foot and 40-foot high cube refrigerated container.
The Journal of Commerce
Login
