DESPITE falling spot rates from the Shanghai Shipping Exchange, carriers have announced a raft of rate increases to take effect this month and next.
Major carriers announce rate increases for September and October
DESPITE falling spot rates from the Shanghai Shipping Exchange, carriers have announced a raft of rate increases to take effect this month and next.
On the Asia-Europe run, CMA CGM will exact an increase on cargo from north Europe to the Far East of US$200 per TEU and $400 per FEU on October 1. Likewise for MSC, but this increase also applies on cargo from Med ports.
East to west, Maersk will levy a $100 per TEU ($200/FEU and high cube) increase from the Indian subcontinent from September 21 and $200 per TEU ($300/FEU and high cube) hike from October 1.
For intra-Asia, CMA CGM has a $200 per TEU increase announced for this week, on September 15, from all Asian ports, excluding Japan, to Sri Lanka, Pakistan and West India.
Cosco has announced a $320 per TEU, $450 per 40-foot high-cube and $506 per 45-footers rate hike from the Far East and Indian subcontinent to Canada from October 15.
On the Asia-Australia run, Maersk has announced rate hikes to Australia from South Korea, China, Hong Kong and Taiwan to Australia of $500 per TEU from September 20.
From Singapore, Malaysia, Indonesia, Philippines, Thailand, Myanmar, Vietnam, Pakistan, Sri Lanka, Bangladesh to Australia there will be a Maersk rate increase of $250 per TEU from October 1.
From Asia to South America, Maersk Line will impose a $750 per TEU rate hike on shipments from Far East Asia to the east coast of South America.
