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Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in August, September and October.
North America
Two carriers have planned rate hikes for Sept. 1:
APL will hike rates in its trade from the Middle East and West Asia to the U.S. and Canada:
- For shipments to Canada, the increase will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container and $505 per 45-foot container.
- For shipments to the U.S., the hike will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container, $505 per 45-foot container, $575 per 48-foot container and $640 per 53-foot container.
Evergreen Line will increase rates for shipments from the Far East, South Africa and Middle East to the U.S., Canada and Puerto Rico:
- From the Far East, excluding India, Sri Lanka, Pakistan and Bangladesh; South Africa; and the Middle East, to the U.S. West Coast and British Columbia, the hike will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container and $506 per 45-foot high-cube container. From the Far East, excluding India, Sri Lanka, Pakistan and Bangladesh; South Africa; and the Middle East, to all other destinations in the U.S., Canada and Puerto Rico, the hike will be $480 per 20-foot container, $600 per 40-foot container, $675 per 40-foot high-cube container and $760 per 45-foot high-cube container.
- From India, Sri Lanka, Pakistan and Bangladesh to the U.S West Coast and British Columbia, the hike will be $340 per 20-foot container, $425 per 40-foot container, $478 per 40-foot container and $538 per 45-foot high-cube container. For all other cargo, the increase will be $500 per 20-foot container, $625 per 40-foot container, $703 per 40-foot high-cube container and $791 per 45-foot high-cube container.
Latin America
Beginning Aug. 5, APL will boost rates from Asia, Australia, East Africa, the Middle East and West Asia to Chile, Colombia, Costa Rica, Ecuador, Mexico and Peru by $500 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container. For reefer shipments from Asia, East Africa, the Middle East and West Asia to Brazil, Chile, Colombia, Costa Rica and the Dominican, the hike will be $500 per 40-foot and 40-foot high cube container.
Also starting Aug. 5, Evergreen Line will increase rates for shipments of commodities, including used clothing and used toys, from the U.S. and Puerto Rico to the west coast of South America and Mexico. The hike will be $100 per 20-foot container and $200 40-foot and 40-foot high-cube container.
Furthermore, three carriers have planned rate hikes for Aug. 15 on shipments from the Far East to South America’s east coast:
- Cosco will boost rates by $500 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container. Mediterranean Shipping Co. will implement the same hike.
- Maersk Line will increase rates by $500 per 20-foot container and $1,000 per 40-foot and 45-foot container.
Additionally, starting Sept. 1, APL will boost rates from Asia, Australia, East Africa, the Middle East and West Asia to Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru and Puerto Rico. The hike will be $500 per 20-foot container, $1,000 per 40-foot and 40-foot high cube container and $1,266 per 45-foot container.
On Oct. 1, Hapag-Lloyd will increase rates for agricultural products, including pulses, beans and lentils, by $150 per container, in its trade from Canada to Mexico, Guatemala, El Salvador, Honduras, Costa Rica, Colombia, Ecuador, Peru and Chile.
Asia
Starting Aug. 8, Cosco will increase rates in its trade from the Far East to the Red Sea by $300 per TEU.
Three other carriers have also planned rate increases for Sept. 1:
- CMA CGM will hike rates in its trade from India and Pakistan to North Europe, the Mediterranean, Baltic, Black Sea, North Africa, Latin America and the Caribbean, by $350 per 20-foot container and $700 per 40-foot container.
- MSC will hike rates on its trade from the Far East to West Africa, including Angola, by $250 per 20-foot container and $500 per 40-foot container.
- U.S. Lines will hike rates on its trade from the U.S. to the Far East, excluding South Pacific Islands, by $80 per 20-foot container and $100 per 40-foot and 45-foot container.
On Sept. 2, Hapag-Lloyd will increase rates in its westbound Far East trade by $500. It will also implement a peak-season surcharge in its westbound Far East trade on the same date.
Surcharges
Starting Aug. 15, Cosco will implement a peak-season surcharge on all cargo from the Far East and Indian subcontinent to Canada. Similarly, APL will implement a peak-season surcharge from India to the U.S. and Canada on the date, while Maersk Line will lower its peak-season surcharge on the India-North America route.
Effective Aug. 26, Maersk Line will implement a low-water surcharge for cargo moving via the Port of Montréal.
Several carriers have planned surcharge adjustments for Sept. 1:
- OOCL will implement a fuel adjustment factor for shipments from the Middle East, India and Pakistan to Hong Kong, Macau and South China. OOCL will also change its bunker adjustment factor level for shipments from Europe to North America.
- Cosco will implement a bunker adjustment factor for trade between the Far East, including Japan, and the Indian subcontinent, and Europe and the Mediterranean; a currency adjustment factor for shipments between the Far East, including Japan, and the Indian subcontinent, to northwest Europe and the Mediterranean; a bunker adjustment factor for shipments between northwest Europe and the Mediterranean, and South America’s east coast; and an emergency bunker surcharge between the Far East, and northwest Europe and the Mediterranean.
- Hapag-Lloyd will revise its congestion surcharge in Algeria, as well as its currency adjustment factor and bunker related charges in its trade to and from North Europe, the Mediterranean, South and West Africa, Asia, Oceania, North America and Latin America. In addition, the container line will change administration fees for returned export shipments to India, and revise the imported equipment logistic fee in Brazil.
- MSC will implement a bunker contribution for all cargo between North Europe and the Mediterranean, and South America’s west coast, Central America and Venezuela ports; Adriatic and Tyrrhenian ports, and Greece, Cyprus and Albania; the Adriatic and Balkan states, except Albania, and Turkey, Lebanon, Egypt, Syria and the Black Sea; the Adriatic and Tyrrhenian seas, the Black Sea, Greece and Turkey and Israel; and all cargo in the intra-Mediterranean zone. The carrier will also implement a low-water surcharge for cargo moving from Europe to Canada’s east coast and an equipment imbalance surcharge for all cargo from Turkey to Israel and Egypt.
The Journal of Commerce
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