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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:
Asia-Europe
More carriers have planned Asia-Europe rate hikes for Aug. 1:
- Cosco will increase rates for all shipments from the Far East, including Japan, and the India and Pakistan region to Northwest Europe and the Mediterranean, including Israel, Lebanon, Syria and the North Africa and West Africa region, by $500 per 20-foot-equivalent unit.
- Shipping Corp. of India will hike rates on its westbound traffic from India to Europe and the Mediterranean by $200 per TEU and $400 per 40-foot-equivalent unit. The move follows a similar increase by Mediterranean Shipping Co. on its India-Europe trade route that will take effect on Aug. 5.
- Zim Integrated Shipping Services will boost rates by $500 per TEU on its trade from the Far East to Europe and the Mediterranean.
- Hamburg Süd will implement a rate hike of $275 per 20-foot container and $550 per 40-foot container on all shipments moving from the Indian subcontinent and the Middle East to Europe, as well as South America and the Caribbean.
Additionally, Maersk Line unveiled freight rate hikes on its westbound Far East-Europe trade that will take effect in August.
Asia-Latin America
Maersk Line will increase rates from the Far East to the east coast of South America by $500 per 20-foot container and $1,000 per 40-foot and 45-foot container, starting Aug. 1.
Furthermore, beginning Aug. 15, Hapag-Lloyd plans rate increases for shipments in its Asia-Latin America trade:
- From East Asia to Mexico and the west coast of Central and South America, the hike will be $500 per TEU.
- From East Asia, the Indian subcontinent and the Middle East to South America’s east coast, the increase will be $750 per TEU.
- From East Asia to the Caribbean, east coast of Central America and Panama, the raise will be $980 per 20-foot container.
Asia-North America
Starting Aug. 1, APL will implement a rate increase on all shipments from the Middle East and West Asia to Canada and the U.S.:
- For shipments to Canada, the hike 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 increase 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. This is a match for the peak-season surcharge recommended by the Transpacific Stabilization Agreement.
Miscellaneous Surcharges
CMA CGM will implement a peak-season surcharge from all Asian ports, including Japan, Southeast Asia and Bangladesh, to all northern European ports, including the U.K. and the full range from Portugal to Russia, effective Aug. 1.
Hapag-Lloyd will revise its terminal handling charges in China for all import and export cargoes, effective Aug. 15.
The Journal of Commerce
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