Recently, shipping companies including Maersk, CMA CGM, Hapag-Lloyd and Wanhai have successively issued price increase notices, announcing an increase in freight rates for a number of Asian export routes.
Hapag-Lloyd has recently announced the introduction of a new GRI for cargo transported in 20-foot and 40-foot dry containers, including high cube and 40-foot non-dry containers, from Asia to the west coast of Latin America, Mexico, the Caribbean, Central America and the east coast of Latin America.
This GRI applies to all containers from April 1, 2024 onwards (from April 19, 2024 to Puerto Rico, U.S. Virgin Islands) and is valid until further notice. Details are as follows:
20' dry container: $700
40' dry container: $900
40ft high cube container: $900
40' freezer: $900
Hapag-Lloyd points out the following geographical ranges:
Asia (excluding Japan), covering the following countries and regions: Chinese mainland, Macau, South Korea, Thailand, Singapore, Vietnam, Cambodia, Philippines, Indonesia, Myanmar, Malaysia, Laos, Brunei.
The West Coast of Latin America, Mexico, the Caribbean (excluding Puerto Rico, Virgin Islands, United States), Central America, and the East Coast of Latin America include the following countries: Mexico, Ecuador, Colombia, Peru, Chile, El Salvador, Nicaragua, Costa Rica, Dominican Republic, Jamaica, Honduras, Guatemala, Panama, Venezuela, Brazil, Argentina, Paraguay, Uruguay.
In addition, Hapag-Lloyd announced that it would increase the FAK rate between the Far East and Northern Europe, as well as the Mediterranean. The increase applies to cargo transported in 20ft and 40ft dry containers, including high cube and reefer, sailing from April 1, 2024.
Seaborne tariff rates from the Far East to Northern Europe and the Mediterranean include marine fuel recovery (MFR) and are subject to tariff conditions and surcharges. Details are as follows:
A few days ago, Maersk issued an announcement announcing that from March 15 to March 31, 2024, a peak season surcharge (PSS) will be levied on dry containers on the east coast of Far East and South America, with a charge of $160 for small containers and $200 for large containers.
The above peak season surcharge applies to goods exported to Brunei, China, Hong Kong, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand, Timor-Leste, Vietnam, Taiwan to Argentina, Brazil, Paraguay and Uruguay.
A few days ago, the shipping company Wanhai Shipping issued a notice, saying that due to the rising operating costs, the freight rate will be increased for cargo loads exported from China to Asia (offshore section):
From the 13th week (i.e. March 25th), the small cabinet will increase by $50 and the large cabinet will increase by $100.
The official announcement and detailed arrangements are as follows:
W13 Notice of Shipping Adjustments
Dear Clients,
Recently, due to the continuous rise of the company's operating costs, the freight rate is now increased for the whole of China exported to Asia (near-ocean segment):
Adjusted rate: USD 50/100/100 for 20'/40'/40'HQ
Effective week: WK13, please confirm with each office for specific voyages
Shanghai Lianjun International Shipping Agency Co., Ltd
Wanhai Shipping Co., Ltd. designated agent
On March 14, CMA CGM issued the latest announcement that from April 1, 2024 (loading date), the new FAK rate will be levied from Asia to the Mediterranean and North Africa until further notice. Details are as follows:
After the update, the FAK rates from Asia to the Mediterranean and North Africa will apply to all cargo with a major Asian origin and a destination in the table above.
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