Ocean carrier rate revision roundup for Aug. 18 Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue. Container terminals in gateway ports around the world may not be able to keep up with the ever-increasing sizes of ships because of limits on crane technology and the lack of container yard space. Terminals are already suffering from congestion caused by the mega-ships. For example, nearly half of all post-Panamax ships saw delays of 12 hours or more at North and South American ports in July, according to a new study released by CargoSmart. In addition, refrigerated capacity in the container ship fleet is expected to surge through 2018, at the expense of a declining specialized reefer fleet, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast. Asia-Europe OOCL intends to increase rates in its trade from the Far East, excluding Japan, to North Europe, the Mediterranean and the Black Sea by $675 per TEU, effective Sept. 1. CMA CGM has scheduled a rate increase on cargo from India, Pakistan and Sri Lanka to North Europe, Scandinavia, the Mediterranean, Baltic, Black Sea, North Africa, Central America, the Caribbean and South America, starting Sept. 4. The increase will be $300 per 20-foot container and $500 per 40-foot container. Effective Sept. 10, Hapag-Lloyd plans to hike rates on westbound shipments from the Indian subcontinent, Pakistan, Bangladesh and Sri Lank to North Europe and the Mediterranean: •From Pakistan and India’s west coast ports of Nhava Sheva, Mundra and Delhi, the increase will be $200 per TEU. •From Bangladesh, Sri Lanka and India’s east and south coast ports, the hike will be $250 per TEU. Trans-Pacific Maersk Line will implement a rate increase on shipments form the Middle East, India and Pakistan to the U.S. and Canada, beginning Sept. 15. The hike will be $150 per 20-foot container, $200 per 40-foot container, $225 per 40-foot high-cube container and $250 per 45-foot container. On the same date, Hapag-Lloyd has scheduled a rate hike in its trade from the Indian subcontinent and the Middle East to the U.S. and Canada, with rates up $160 per 20-foot container and $200 per 40-foot, 40-foot high-cube and 40-foot refrigerated container. Asia-Australia Maersk Line plans to raise its rates in the trade from South Korea, China, Hong Kong and Taiwan to Australia by $300 per 20-foot container and $600 per 40-foot container, effective Sept. 1. Starting Sept. 15, OOCL plans to increase rates on shipments from Southeast Asia to Australia by $300 per TEU and $600 per FEU. Asia-Latin America Starting Sept. 1, Maersk Line intends to raise rates on cargo from the Far East to Argentina, Brazil, Paraguay and Uruguay by $750 per 20-foot container and $1,500 per 40-foot and 40-foot high-cube container. Effective Sept. 15, Hapag-Lloyd will increase rates on shipments from East Asia to Mexico and the west coasts of Central America and South America by $500 per TEU. The carrier also plans to hike rates on shipments from East Asia to the east coast of South America by $750 per TEU. Intra-Asia Hapag-Lloyd intends to raise rates on cargo from East Asia, excluding Japan, to the Persian Gulf and Red Sea by $200 per TEU, beginning Sept. 1. JOC NEWS - AUG 18 2014
Posted on: Mon, 18 Aug 2014 20:44:46 +0000
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