Major container lines have announced planned rate increases for Asia-related trades, as detailed below, slated to take effect in October and November.
Asia-Europe
Three carriers have planned rate increases for Nov. 1:
- Hapag-Lloyd is looking to increase rates on its trade from East Asia, excluding Japan, to North Europe and the Mediterranean by $1,000 per 20-foot-equivalent unit.
- United Arab Shipping Co. intends to raise rates by $925 per TEU for shipments from Asia to the Mediterranean and Adriatic.
- Zim Integrated Shipping Services aims to boost rates on cargo from the Far East to Europe and the Mediterranean by $950 per TEU.
Asia-Australia
Starting Oct. 24, Hapag-Lloyd hopes to hike rates on shipments from northeast Asia to Australia by $400 per TEU.
Similarly, Mediterranean Shipping Co. plans to implement a rate increase on cargo from north Asia to all Australian ports, starting Oct. 24, by $400 per TEU.
Asia-North America
U.S. Lines plans to hike rates on cargo from Asia to the U.S. West Coast, East Coast, U.S. inland points intermodal and all destinations in Canada, starting on Oct. 15. The increase will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container and $510 per 45-foot high-cube container.
Asia-South America
Zim is looking to boost rates on shipments from Asia to the east coast of South America, beginning Oct. 15. The increase will be $650 per 20-foot container and $1,300 per 40-foot container.
Surcharges
U.S. Lines intends to implement a peak-season surcharge for all exports from the U.S. and Canada to the Dominican Republic, Jamaica and Trinidad, effective Oct. 6 through Dec. 31. The container line also plans to implement a destination terminal-handling charge for Vietnam for all export cargo that originated in the U.S., starting Oct. 17.
Hapag-Lloyd has revised its inland haulage tariff in the U.S., effective Nov. 1, and its stuffing surcharge for all less-than-containerload shipments from Indonesia, starting Nov. 6. The container line also intends to implement a detention and demurrage charge in Tanjung Pelepas, Malaysia, starting Nov. 4.
The Journal of Commerce
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