Last week carriers around the world from Europe to Asia announced new general rate increases (GRI). In response to the Rate Hike announcements we saw the Word Container Index jump more than 35.8 % on news of the planned post New Years rate hikes. Below is a breakdown of planned post New-years rate hikes from some of the Power Players in the shipping Industry. .

Asia to Africa

CMA CGM is planning raise increases beginning Jan. 15th for cargo headed to West Africa from Asia by $600 per 40-foot container, and $300 per 20-foot container

Look out for CMA CGM to increase rates on Jan 1st. for the Mozex line by $200 per 40-foot container, and $150 per 20-foot container.

CMA CGM is also toying with implementing a peak season surcharge beginning Jan 1st. Of $100 per TEU for cargo originating in Asia and heading to South Africa and Port Louis in the Indian Ocean

Watch for Maersk to implement rate increases of $200 per 40-foot container, and $100 per 20-foot container beginning Jan. 15th for cargo originating in Asia, headed towards South Africa and Mauritius. Maersk is also planning rates increases of $300 per 40-conteiner, and $150 per 20-foot container for shipments to Malawi, Zambia, Mozambique, Madagascar. And Zimbabwe.

In addition to the above mentioned planned increases, Maersk is also planning on rate increases of $600 per 40-foot container, and $300 per 20-foot container for cargo originating in Asia and headed towards West Africa. The new GRI will be implemented on Jan 15h.

Asia to Latin America

Hamburg Sud is planning rate increases of $1,500 per 40-foot container, and $750 per beginning Jan. 15th for 20-foot cargo containers originating in Asia, heading to the Pacific coasts of: South America, Central America, and Mexico.

Hapag-Lloyd and CSAV are planning rates increases of $700 per 20-foot container, and $1000 per 40-foot container, starting Jan 15th. The rate increases will affect cargo originating in East Asia, headed towards the Caribbean and the East Coasts of Panama and Central America.

Beginning Jan. 15th Hapag-Lloyd and CSAV are planning rate increases of $1,000 per 40-foot container and $700 per 20-foot container for all shipments heading towards the west coasts of Central America, South America, and Mexico.

Trans-Pacific

A new announcement has been published by the TSA (Transpacific Stabilization Agreement) we are looking at new GRI on cargo crossing the pacific of $600 for a 40-foot container. This is in addition to the earlier implementation of the $400 per FEU fee.

The news out of CSAV from Chilly is that As of January 15th there will be a new GRI – the rates will be $600 per 40-foot container, and $480 per 20-foot container, if interested you can see the official announcement HERE.

MSC is getting into the peak season surcharge game, with a newly published list of their surcharges. MSC surcharges for cargo from Asia heading to the United States, including all U.S. territories are as follows: Peak season surcharge of $540 per 40-foot cube container $400 per 40-foot container, $320 per 20-foot container. Carrier general rate boosts are as follows: $675 per 40-foot cube container, $600 per 40-foot container, $480 per 20-foot container.

New GRI from “K” line will be implemented February 1st for Pacific cargo heading west from North America (U.S. & Canada.) New rates are $100 per 40-foot container, and $80 per 20-foot container, respectively.

Asia to Europe

Carriers recommend rate hikes starting Jan. 7th totaling $500 per 40-foot container, and $200 per 40-foot container. Affected locations are Indians West coast, Northern European Nations, and countries in Mediterranean region.

News out of the Hapag-Lyoyd carrier is they are going to implement a new GRI beginning Jan. 19th of $850 per 20-foot container heading west from Asia to Northern European & Mediterranean regions.

Asia to Australia

Look for a Hapag-Lloyd increase beginning on Jan 15th for all cargo headed towards Australia from Taiwan, Hong Kong, Korea and China. The planned increase is $300 per 20-foot container.

Caribbean and Central America to Europe

CSAV is looking at implementing a new GRI of $1000 per 40-foot container, and $700 per 20-foot container. The rates increases will begin Jan. 15th for the affect areas: Cargo originating in Asia & heading to Panama & Central America’s east coast.

Hapag-lloyd is eyeing increasing rates up to $250 per 20/40 foot containers alike, effective February 1st for cargo heading to America & Europe from the Caribbean & Central America. The planned rate increase will also affect the east coast of South America.

Questions / Comments? Contact: Mark@cmaritime.com.cn