Hapag-Lloyd will raise its freight rates on major trade lanes as part of a new rate restoration program.
From East Asia (excluding Japan) to North Europe, the German ocean carrier will apply an increase of $400 per 20-foot equivalent unit, starting June 4.
From North Europe and the Mediterranean to East Asia, the Indian Subcontinent and the Middle East, rates will go up by $225 per TEU, also effective June 4.
Hapag-Lloyd will push its rates up by $100 per dry container on trades from the U.S. to the Indian Subcontinent and the Middle East, starting July 1.
Reefer shipments from the U.S. West Coast to ports in the Subcontinent and the Middle East will attract an increase of $300 per 40-foot container. From the U.S. East Coast, Hapag-Lloyd’s GRI on reefer cargo will be $400 per 40-foot container.
The Subcontinent region includes destinations in India, Pakistan, Sri Lanka and Bangladesh.