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Ocean Carrier Rate Revision Roundup for Oct. 25 

Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.

Asia-Europe

United Arab Shipping Co. intends to boost rates for shipments from the Mediterranean to Asia by $200 per 20-foot-equivalent unit, effective Nov. 1. On the same date, the carrier hopes to increase rates in its trade from the Mediterranean and Black Sea to theMiddle East and Indian subcontinent by $200 per 20-foot container and $300 per 40-foot container.

CMA CGM plans to raise rates in its trade from India, Pakistan and Sri Lanka to North Europe, the Mediterranean, Baltic, Black Sea and North Africa, as well as Central America, the Caribbean and Latin America, by $300 per 20-foot container and $600 per 40-foot container, starting Dec. 1.

In the reverse direction, Maersk Line plans to implement a rate hike for shipments from the Mediterranean to the Middle East, India and Indian subcontinent by $200 per 20-foot container and $300 per 40-foot container, effective Nov. 4.

Starting Nov. 15, CMA CGM intends to boost rates on its IPAK service for shipments from North Europe, the U.K. and Nordic countries to India, Pakistan, Sri Lanka and Egypt’sPort Said. The hike will be $150 per 20-foot container and $300 per 40-foot container.

Intra-Asia

Two carriers hope to implement rate increases on Nov. 1:

  • CMA CGM will attempt to raise rates in its trade from Asia to Mauritius by $200 per TEU. The container line will also increase rates on shipments from all Asian ports, excluding Japan, to Sri Lanka, Pakistan and West India by $100 per TEU.
  • Hapag-Lloyd plans to boost rates in its trade from East Asia, excluding Japan, to the Persian Gulf, by $500 per TEU, and to the Indian subcontinent by $100 per TEU.

Asia-Africa

Cosco Container Lines plans to increase rates on shipments from the Far East to South Africa by $300 per TEU, starting Nov. 1.

On Nov. 15, CMA CGM aims to hike rates on trade from India and the United Arab Emirates to East Africa by $500 per TEU.

Asia-Latin America

Effective Nov. 1, Hamburg Süd and its subsidiary Aliança intend to increase rates in its trade from Asia to South America’s east coast by $650 per 20-foot container, $1,000 per 20-foot and 40-foot refrigerated container and $1,300 per 40-foot standard and high-cube and 40-foot non-operated reefer container.

Beginning Nov. 9, Hamburg Süd and Aliança will also try to hike rates in its trade from Asia to the west coast of South America and Central America, and Mexico by $1,000 per 20-foot container, $1,500 per 40-foot non-operated reefer container and $2,000 per 40-foot standard and high-cube container and 40-foot reefer container.

Similarly, Cosco hopes to increase rates on shipments from the Far East to South America’s east coast by $750 per 20-foot container and $1,500 per 40-foot and 40-foot high-cube container, beginning Nov. 15.

Asia-Australia

Hapag-Lloyd intends to raise rates on shipments from Northeast Asia to Australia by $300 per TEU, starting Nov. 17.

 

The Journal of Commerce


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