Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in September and October.
Starting Oct. 1, CMA CGM will attempt to increase rates in its trade from North Europe to the Far East by $200 per 20-foot container and $400 per 40-foot container.
Mediterranean Shipping Co. is also planning a general rate increase from Europe — both North Europe and the Mediterranean — to the Far East on Oct. 1, in the amount of $200 per 20-foot or 40-foot container.
Maersk Line is looking to raise rates from the Indian subcontinent to the Mediterranean, as follows:
- From Bangladesh to the Mediterranean, effective Sept. 21: $100 per 20-foot, $200 per 40-foot and 40-foot high cube dry container.
- From India and Sri Lanka to the Mediterranean, effective Oct. 1: $200 per 20-foot, $300 per 40-foot and 40-foot high cube dry container.
CMA CGM aims to boost rates from all Asian ports, excluding Japan, to Sri Lanka, Pakistan and West India, by $200 per TEU, effective Sept. 15.
MSC will try to implement a GRI on all export cargo from Canada, the United States and Mexico to North Europe, effective Oct. 14, as follows: $100 per 20-foot container; $150 per 40-foot container.
Cosco has planned a rate hike from the Far East and Indian subcontinent to Canada, effective Oct. 15. The increase will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container and $506 per 45-foot container.
Maersk Line has announced planned rate hikes in the Asia-Australia trade, as follows:
- From South Korea, China, Hong Kong and Taiwan to Australia, effective Sept. 20: $500 per 20-foot, $1,000 per 40-foot and 40-foot high cube dry container.
- From Singapore, Malaysia, Indonesia, Philippines, Thailand, Myanmar, Vietnam, Pakistan, Sri Lanka, Bangladesh to Australia, effective Oct. 1: $250 per 20-foot, $500 per 40-foot and 40-foot high cube dry container.
Effective Sept. 15, Maersk Line aims to impose a rate hike on shipments from Far East Asia to the east coast of South America, in the following amounts: $750 per 20-foot, $1,500 per 40-foot and 40-foot high cube dry container.