Hapag-Lloyd plans to implement a new round of general rate increases on major trade lanes, starting July 1.
The German ocean carrier said rates on all cargo from the east coast of South America to East Asia will go up by $200 per 20-foot container and $400 per 40-foot container.
Rates on cargo from the U.S. and Canada to East Asia, the Indian subcontinent and the Middle East will increase by $80 per 20-foot container and $100 per 40-foot container. The subcontinent region includes India, Pakistan, Bangladesh and Sri Lanka.
From the Caribbean to East Asia, Hapag-Lloyd’s planned increase will be $200 per 20-foot container and $400 per 40-foot container.
From the Far East to North Europe and the Mediterranean, the carrier will push its rates up by $500 per 20-foot container. The Mediterranean region includes Black Sea and North Africa.
Hapag-Lloyd will impose a $300 per TEU rate increase on all cargo from North East Asia to ports in Australia.
The Journal of Commerce Online
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