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.
Posted on: Mon, 16 Sep 2013 14:15:22 +0000
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