TWO container lines, CMA CGM and Maersk, have planned rate hikes for October 1 though these have likely failed to stick as Shanghai Containerised Freight Index rates have declined.
Carriers work to secure rate increases as Shanghai spot rates sink
TWO container lines, CMA CGM and Maersk, have planned rate hikes for October 1 though these have likely failed to stick as Shanghai Containerised Freight Index rates have declined.
CMA CMG and OOCL have planned rate increases for October 1 on trade from Europe to Asia. From September 15, CMA CGM has been trying to secure increased rates from all Asian ports, excluding Japan, to Persian Gulf ports, also boosting prices from Japan to Persian Gulf ports.
Beginning October 1, Mediterranean Shipping Co (MSC) will raise rates from south east Asia to Australia by $250 per TEU. OOCL will also increase rates from south east Asia to Australia by $250 per TEU and $500 per FEU on the same day.
NYK, Evergreen, CMA CGM and Maersk Line plan to implement rate hikes on its transatlantic tradelane starting October 1.
NYK Line will boost rates on its eastbound trade from US ports to northern Europe. The hike will be US$80 per TEU, $100 per FEU and FEU high-cube and 45-foot container. For dried nuts and fruit moving via US west coast ports, the increase will be $200 per TEU and $300 per FEU and FEU high-cube.
Evergreen will increase eastbound and westbound rates on its transatlantic rates for all commodities. For westbound rates, the hike will be $150 per TEU and $250 per FEU. For eastbound rates, the increase will be $150 per TEU and $200 per FEU and 40-foot high-cube.
CMA CGM will raise rates from north Europe to the US east coast and Gulf Coast, Canada and Mexico, and the hike will be $150 per TEU and $200 per FEU. From the Mediterranean to the US east coast and Gulf Coast, the increase will be $200 per TEU and $300 per FEU.
