SPOT rates have surged as carriers impose surcharges to cover the costs of rerouting vessels via the Cape route to avoid Red Sea Yemeni missile attacks, reports New York's Journal of Commerce

GERMAN shipping giant Hapag-Lloyd announced for all export shipments where you initiate a second rollover request, a booking cancellation fee (BCF) will be levied.

FRENCH shipping giant CMA CGM has announced rate increases from Asia to Mediterranean port including those in North Africa from September 15 until September 30.

JAPANESE shipping giant MOL has announced it will levy a general rate increase (GRI) on all cargo moving from Asia to Mexico and the West Coast South America.

JAPANESE shipping giant MOL has announced it will levy a general rate increase (GRI) on all cargo moving from Asia to southern Africa, saying the "action is essential for us to sustain our service level".

Ship-breaking industry has feared that imposition of new tax would push the industry to a permanent closure,

IN an attempt to exact a general rate increase from July 1, ocean liners plying Far East-Europe trades have responded with only a limited reduction in capacity.

COSCO has announced the heaviest rate hike on the Asia-Europe westbound route of US$775 per TEU effective March 15

JAPAN's MOL has announced a general rate increase (GRI) covering cargo transported from Asia to southern Africa from November 1.

FRENCH shipping giant CMA CGM plans to levy a low sulphur surcharge for containerised shipments passing through north Europe's emissions control area (ECA) that covers Scandinavia, Poland and Baltic and onwards to the west coast of South Africa, east coast of South Africa, French West Indies, French Guyana, east coast Central America, Caribbean and Guyana in north Brazil

JAPANESE shipping giant MOL has announced it will levy a general rate increase (GRI) on all cargo moving from Asia to Mexico and the West Coast South America.

ITALIAN-SWISS Mediterranean Shipping Co (USA) Inc has announced it will implement a War Risk Premium surcharge for the cargo going to Venezuela

WAR risk surcharges for cargo moving in and out of the Arabian Gulf are being introduced by Hapag-Lloyd and Maersk Line, a decision prompted by the attacks on six tankers in the region in the last two months

JAPAN's MOL has announced a general rate increase (GRI) covering cargo transported from Asia to southern Africa from August 1.

GERMAN shipping giant Hapag-Lloyd has announced a widespread levy of currency adjustment factor (CAF) fees on import and export trades to and from north Europe on February 1 until further notice