Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.
Europe-Asia
CMA CGM hopes to increase rates in its trade from North Europe, including the north continent, Scandinavia and the U.K. and excluding the Baltic region, to Asia. For shipments to the Far East, the hike will be $200 per 20-foot container and $400 per 40-foot container, effective Nov. 1. For shipments to the Red Sea and Persian Gulf, the increase will be $150 per 20-foot container and $250 per container, effective Nov. 16.
Similarly, Maersk Line intends to implement a rate increase in its trade from North Europe to Asia. For shipments to the Far East, the increase will be $200 per 20-foot container and $300 per 40-foot and 45-foot container, effective Nov. 1. For shipments to the Middle East and Indian subcontinent, the hike will be $200 per 20-foot container and $300 per 40-foot, 40-foot high-cube and 45-foot container, starting Nov. 15.
In addition, Maersk Line plans to hike rates in its trade from the Mediterranean to the Far East, starting Nov. 15. From the Mediterranean, excluding Syria, to the Far East, the increase will be $200 per 20-foot container and $300 per 40-foot and 45-foot container, and from Syria to the Far East the increase will be €150 per 20-foot container and €225 per 40-foot and 45-foot container.
Asia-Latin America
Two carriers hope to implement rate increases on Nov. 15:
- Mediterranean Shipping Co. plans to implement a rate increase on cargo from the Far East to South America’s east coast by $650 per 20-foot container and $1,300 per 40-foot container.
- Hapag-Lloyd plans to boost rates in its trade from East Asia, the Indian subcontinent and the Middle East to South America’s east coast by $650 per 20-foot-equivalent unit.
Two carriers have also planned to boost rates on Dec. 1:
- Hapag-Lloyd hopes to increase rates on shipments from East Asia to Mexico, Central America’s west coast and South America’s west coast by $500 per TEU. The container line also intends to boost rates on trade from East Asia to the Caribbean, Central America’s east coast and Panama by $700 per 20-foot container and $1,000 per 40-foot container.
- Similarly, Hamburg Süd aims to elevate rates on its trade from Asia to Mexico, Central America’s west coast and South America’s west coast by $500 per 20-foot container, $750 per non-operated refrigerated container and $1,000 per 40-foot standard and 40-foot reefer container. It also plans to hike rates from Asia to the Caribbean by $700 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container.
Trans-Pacific
On Nov. 15, CMA CGM will attempt to raise rates on wastepaper shipments from the U.S. to the Far East. From the U.S. East Coast and Gulf Coast, the increase will be $160 per 20-foot container and $200 per 40-foot and 45-foot container, and from the Port of Oakland, Calif., the hike will be $120 per 20-foot container and $150 per 40-foot and 45-foot container.
On the same date, CMA CGM also intends to boost rates on shipments of metal scrap, wastepaper, forestry products, plastic scrap, resin, hay and agricultural products in its trade from the U.S. West Coast and inland point locations via U.S. East Coast or Gulf Coast ports to the Far East. The hike will be $80 per 20-foot container and $100 per 40-foot and 45-foot container.
Additionally, U.S. Lines hopes to increase rates on westbound citrus shipments from the U.S. and Canada to Asia, starting Dec. 1. The hike will be $400 per 20-foot reefer container and $500 per 40-foot reefer container.
Asia-Africa
CMA CGM aims to increase rates on its Shaka Express 2 service from Asia, including Japan, Southeast Asia and Bangladesh, to Mauritius by $200 per TEU, starting Nov. 1. The container line also plans to implement a rate increase on its Swahili Express service from India and the United Arab Emirates to East Africa, starting Nov. 15, by $500 per TEU.
Intra-Asia
Starting Nov. 1, CMA CGM aims to boost rates in its trade from Asia, including Japan, Southeast Asia and Bangladesh, to Jeddah, Saudi Arabia; Ain Sokhna, Egypt; Aqaba, Jordan; Djibouti; Port Sudan, Sudan; and Aden and Hodeidah, Yemen. The increase will be $500 per TEU.
On the same date, the carrier also hopes to raise rates in its trade from Asia, excluding Japan, to the Middle East, by $500 per TEU.
Asia-Australia
Maersk Line hopes to raise rates in its trade from Northeast Asia to Australia by $300 per 20-foot container and $600 per 40-foot and 40-foot high-cube container, effective Nov. 17.
The Journal of Commerce
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