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Japanese carrier MOL has become the latest shipping line to levy hefty rate hikes on the Asia-South America trade, joining MSC, NYK and APL.
MOL will implement a general rate restoration (GRI) of US$750 per TEU and $1,500 per FEU on the Asia-East Coast South America trade from January 1.
Asia will include the Indian sub-continent will be included in the rate hikes that will see an additional levy of $1,000 per 40-foot hi-cube reefer boxes.
On the same trade, MSC has advised customers that the planned December 1 GRI of $750 per TEU and $1,500 per FEU that was eventually postponed will also be levied from January 1.
NYK and APL plan to charge shippers $300 more per TEU and $600 extra per FEU for the Asia-West Coast South America trade from January 15.
Lines have also been announcing GRIs on the Asia-Europe and Asia-Med trades.
On the westbound Asia-North Europe and Asia-Mediterranean routes, Hapag-Lloyd will implement a GRI of $500 per TEU and $1,000 per FEU from January 6.
Hyundai Merchant Marine will add $800 per TEU and $1,600 per FEU from January 13, and NYK, $820 per TEU and $1,640 per FEU from January 10.
In a move that is raising eyebrows, French line CMA-CGM has decided to implement a Peak Season Surcharge of $300 per TEU and $600 per FEU from January 6 on the Asia-Europe trades.
Cargonews Asia
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