Recently, shipping companies have started a new round of freight rates increase plans. CMA and Hapag-Lloyd have successively issued price adjustment notices for some routes, announcing increases in FAK rates in Asia, Europe, the Mediterranean, etc.
Hapag-Lloyd raises FAK rates from Far East to Northern Europe and Mediterranean
On October 2, Hapag-Lloyd issued an announcement stating that from November 1, it will raise the FAK (Freight All Kinds) rate of 20-foot and 40-foot containers (including high containers and refrigerated containers) from the Far East to Europe and the Mediterranean (including the Adriatic Sea, the Black Sea and North Africa) for transported goods.
Hapag-Lloyd raises Asia to Latin America GRI
On October 5, Hapag-Lloyd issued an announcement stating that the general freight rate (GRI) for cargo from Asia (excluding Japan) to the west coast of Latin America, Mexico, the Caribbean and Central America will be increased soon. This GRI applies to all containers from October 16, 2023, and is valid until further notice. GRI for a 20-foot dry cargo container costs US$250, and a 40-foot dry cargo container, high container, or refrigerated container costs US$500.
CMA raises FAK rates from Asia to Northern Europe
On October 4, CMA announced adjustments to FAK rates from Asia to Northern Europe. Effective from November 1, 2023 (loading date) until further notice. The price will be increased to US$1,000 per 20-foot dry container and US$1,800 per 40-foot dry container/high container/refrigerated container.
CMA raises FAK rates from Asia to the Mediterranean and North Africa
On October 4, CMA announced adjustments to FAK rates from Asia to the Mediterranean and North Africa. Effective from November 1, 2023 (loading date) until further notice.
The main contradiction in the market at this stage is still the lack of significant increase in demand. At the same time, the supply side of transportation capacity is facing the continuous delivery of new ships. Shipping companies can only proactively continue to reduce transportation capacity and other measures to gain more gaming chips.
In the future, more shipping companies may follow suit, and there may be more similar measures to increase shipping rates.
Senghor Logistics can provide real-time freight checking for each inquiry, you will find more accurate budget in our rates, because we always make detailed quotation lists for each inquiry, without hidden charges, or with possible charges be informed in advance. At the same time, we also provide industry situation forecasts. We offer valuable reference information for your logistics plan, helping you make a more accurate budget.
Post time: Oct-08-2023
