The recent shipping market has been strongly dominated by keywords such as soaring freight rates and exploding spaces. Routes to Latin America, Europe, North America, and Africa have experienced significant freight rates growth, and some routes have no space available for booking by the end of June.
Recently, shipping companies such as Maersk, Hapag-Lloyd, and CMA CGM have issued "price increase letters" and levied peak season surcharges (PSS), involving many routes in Africa, South America, North America, and the Middle East.
Maersk
Starting from June 1, the PSS from Brunei, China, Hong Kong(PRC), Vietnam, Indonesia, Japan, Cambodia, South Korea, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand, East Timor, Taiwan(PRC) to Saudi Arabia will be revised. A 20-foot container is USD 1,000 and a 40-foot container is USD 1,400.
Maersk will increase the peak season surcharge (PSS) from China and Hong Kong, China to Tanzania from June 1. Including all 20-foot, 40-foot and 45-foot dry cargo containers and 20-foot and 40-foot refrigerated containers. It is USD 2,000 for a 20-foot container and USD 3,500 for a 40- and 45-foot container.
Hapag-Lloyd
Hapag-Lloyd announced on its official website that the peak season surcharge (PSS) from Asia and Oceania to Durban and Cape Town, South Africa will take effect from June 6, 2024. This PSS is applicable to all types of containers at USD 1,000 per container until further notice.
Hapag-Lloyd will impose PSS on containers entering the United States and Canada from June 1 to June 14 and 15, 2024, applicable to all types of containers until further notice.
Containers entering from June 1st to June 14th: 20-foot container USD 480, 40-foot container USD 600, 45-foot container USD 600.
Containers entering from June 15th: 20-foot container USD 1,000, 40-foot container USD 2,000, 45-foot container USD 2,000.
CMA CGM
In addition, CMA CGM has previously issued a notice stating that starting from June 1, 2024 (the loading date at the departure port), the new FAK rates from Asia to Northern Europe will be adjusted to as high as US$3,200/TEU and US$6,000/FEU.
At present, due to the Red Sea crisis, ships have detoured around the Cape of Good Hope in Africa, and the sailing distance and time have become longer. In addition, European customers are increasingly worried about rising freight prices and to prevent emergencies. They prepare goods in advance to increase inventory, which has brought about growth in demand. Currently congestions are already occurring at several Asian ports, as well as port of Barcelona, Spain and South African ports.
Not to mention the increase in consumer demand brought about by important events such as the Independence Day of the U.S., the Olympics, and the European Cup. Shipping companies have also warned that the peak season is early, space is tight, and high freight rates may continue into the third quarter.
Of course we will pay special attention to shipments of customers from Senghor Logistics. Over the past month or so, we have witnessed freight rates soar. At the same time, in the quotation to customers, customers will also be notified in advance of the possibility of price increases, so that customers can fully plan and budget for shipments.
Post time: May-27-2024
