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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
Four carriers have announced Asia-Europe rate hikes for Aug. 1:
- Hapag-Lloyd will boost rates for all cargo and container types from the Far East to the Mediterranean by $500 per 20-foot-equivalent unit. The container line will also increase rates on its westbound trade from India, Pakistan, Bangladesh and Sri Lanka to North Europe and the Mediterranean, excluding South and West Africa, by $250 per TEU.
- Mediterranean Shipping Co. will raise rates on all cargo from Asia, excluding Japan, to the east and west Mediterranean, Adriatic, Black Sea, North Africa, North Europe, the U.K., Scandinavia and Baltic by $500 per TEU. In addition, MSC India has announced a $200/TEU increase from there to the same destinations, effective Aug. 5.
- Hyundai Merchant Marine will hike rates on shipments from Asia to North Europe and the Mediterranean by $500 per TEU and $1,000 per 40-foot-equivalent unit.
- OOCL will increase rates for westbound traffic from the Far East, excluding Japan, to North Europe, the Mediterranean and Black Sea by $525 per TEU.
Asia-Australia
Maersk Line is joining other carriers in increasing rates on its trade from Asia to Australia, starting Aug. 1. From Northeast Asia to Australia, the increase will be $200 per 20-foot container and $400 per 40-foot and 40-foot high-cube container. From Southeast Asia to Australia, the hike will be $300 per 20-foot container and $600 per 40-foot and 40-foot high-cube container.
Trans-Pacific
Cosco will raise rates for all cargo, including refrigerated shipments, on its trade from the Far East to South America’s west coast and Mexico, beginning Aug. 1. The hike will be $500 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container.
Trans-Atlantic
Effective Aug. 1, Maersk Line will hike rates from the U.S. to the Mediterranean by $80 per 20-foot container and $100 per 40-foot and 45-foot container. From the U.S. to Syria, the increase will be $70 per 20-foot container and $80 per 40-foot and 45-foot container.
North America-South America
Maersk Line will also increase rates on its route from Miami to Manzanillo, Panama, on Aug. 8. The increase will be $300 per 20-foot, 40-foot and 45-foot high-cube container.
Intra-Asia
Starting July 15, APL will raise rates on its route from the Chinese provinces of Jilin, Heilongjiang, Liaoning, Zhejiang, Anhui, Chongqing, Gansu, Henan, Hubei, Jiangsu (excluding Lianyungang), Jiangxi, Qinghai, Shaanxi, Shanxi and Sichuan, to India, by $50 per 20-foot, 40-foot and 40-foot high-cube container, and $65 per 45-foot container.
Beginning July 20, American President Lines will boost rates on its trade from Hong Kong, Macau and South China to India. The hike will be $25 per 20-foot container, $50 per 40-foot and 40-foot high-cube container and $65 per 45-foot container.
Cosco has announced a rate hike, to take effect July 22, for all shipments from the Far East to the Indian subcontinent. The hike will be $100 per TEU.
Hapag-Lloyd will increase rates for all cargo and container types from East Asia, excluding Japan, to the Indian subcontinent by $100 per TEU, effective Aug. 15.
Miscellaneous Surcharges
Hapag-Lloyd will implement a peak season surcharge, starting Aug. 1, for all cargo from East Asia, India and the Indian subcontinent to destinations in the U.S. and Canada. The container line has announced that should the water level on the St. Lawrence River fall to a level that affects available loading capacity, it reserves the right to introduce a Montreal low-water surcharge within 10 days notice.
MSC has announced that the bunker contribution for all southbound cargo from North Europe and the west Mediterranean to Australia and New Zealand for August will remain as $760 per TEU.
Effective Aug. 1, Cosco will implement a bunker adjustment factor for eastbound and westbound shipments from the Far East, including Japan, and the Indian subcontinent, to Europe and the Mediterranean; a bunker adjustment factor for northbound and southbound shipments from northwest Europe and the Mediterranean to South America’s east coast; and an emergency bunker surcharge for eastbound and westbound shipments from the Far East to northwest Europe and the Mediterranean.
The Journal of Commerce
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