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Big Three propose rate rise from next month

12/11/2010 9:41:19 AM

The world's top three container lines have announced freight rate increases, according to shipping industry sources.

Maersk has announced rate increases to be effective from January on all container cargo shipments from Asia to Central America and the west coast of South America, reported The Hindu. The rates proposal call for an increase between US$250 and $300 per TEU

Mediterranean Shipping Company (MSC) has indicated a series of rate increases and changes in various surcharges to be effective next month. The increases proposed are $280 per TEU and $400 per FEU as well as 40-ft high cube containers, to be enforced on all cargo from the Far East and Asia to the Caribbean, Central America East Coast, Cartagena, Panama and Venezuela as of January 1.

MSC also proposes to slap an emergency rate restoration of $300 per TEU from January 1 on all shipments on its service from Japan, Korea, China, Hong Kong, and Southeast Asia to various destinations in Northern Europe, Scandinavia, the Mediterranean and Black Sea.

CMA CGM, France's No.1 and world's No. 3 container line, has announced that it will increase rates on major trade routes from January 1.

From Asia to North America, the increase will be $320 per TEU, $400 per FEU, $450 per 40-ft high cube or reefer and $510 per 45-footer. From Asia to all ports in Europe, the increase will be $250 per TEU. From West Africa to the Far East, West Asia and India, the rates will increase $100 per TEU.

 

Cargonews Asia

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