[100913.EN.SEA] Carriers Hope Worldwide Rate Hikes Stick In September And October

CMA CGM and Maersk have announced rate hikes for October 1 on the Asia- Europe route as increases follow hikes that were for September 1.

Hong Kong's OOCL also says it will levy increases for October 1 on the Europe-Asia trade lane. Starting September 15, CMA CGM will increase rates on its trade from all Asian ports, excluding Japan, to Persian Gulf ports. It will also boost rates from all Japanese ports to Persian Gulf ports.

Beginning October 1, Mediterranean Shipping Co (MSC) will raise rates from south east Asia to Australia by $250 per TEU. OOCL will also increase rates from south east Asia to Australia by $250 per TEU and $500 per FEU, starting on the same day.

On the transatlantic trade, NYK, Evergreen, CMA CGM and Maersk Line plan to implement rate hikes on its transatlantic trade lane starting October 1.

NYK Line will boost rates on its eastbound trade from US ports to northern Europe. The hike will be US$80 per TEU, $100 per FEU and FEU high-cube and 45-foot container. For dried nuts and fruit moving via US west coast ports, the increase will be $200 per TEU and $300 per FEU and FEU high-cube.

Evergreen Line will increase eastbound and westbound rates on its transatlantic rates for all commodities. For westbound rates, the hike will be $150 per TEU and $250 per FEU. For eastbound rates, the increase will be $150 per TEU and $200 per FEU and FEU high-cube container.

CMA CGM will raise rates from north Europe to the US east coast and Gulf Coast, Canada and Mexico, and the hike will be $150 per TEU and $200 per FEU. From the Mediterranean to the US east coast and Gulf Coast, the increase will be $200 per TEU and $300 per FEU.

From north Europe to Colombia, Chile, Ecuador and Peru, Maersk will increase rates $100 per TEU and $200 per FEU and 45-foot containers. Maersk will also hike rates from Europe to the US. From the Mediterranean to the US, and from north Europe to the US east coast and Gulf Coast, the increase will be $150 per TEU and $200 per FEU, FEU high-cube and 45-foot container. From north Europe to the US west coast, it will be $300 per TEU and $400 per FEU, FEU high-cube and 45-foot containers.

Source : HKSG.