Recently, the price increase started in mid-to-late November, and many shipping companies announced a new round of freight rate adjustment plans. Shipping companies such as MSC, Maersk, CMA CGM, Hapag-Lloyd, ONE, etc. continue to adjust the rates for routes such as Europe, the Mediterranean, Africa, Australia and New Zealand.
MSC adjusts rates from the Far East to Europe, the Mediterranean, North Africa, etc.
Recently, Mediterranean Shipping Company (MSC) issued the latest announcement on adjusting the freight standards for routes from the Far East to Europe, the Mediterranean and North Africa. According to the announcement, MSC will implement new freight rates from November 15, 2024, and these adjustments will apply to goods departing from all Asian ports (covering Japan, South Korea and Southeast Asia).
Specifically, for goods exported to Europe, MSC has introduced a new Diamond Tier freight rate (DT). From November 15, 2024 but not exceeding November 30, 2024 (unless otherwise stated), the freight rate for a 20-foot standard container from Asian ports to Northern Europe will be adjusted to US$3,350, while the freight rate for 40-foot and high-cube containers will be adjusted to US$5,500.
At the same time, MSC also announced new freight rates (FAK rates) for export goods from Asia to the Mediterranean. Also from November 15, 2024 but not exceeding November 30, 2024 (unless otherwise stated), the maximum freight rate for a 20-foot standard container from Asian ports to the Mediterranean will be set at US$5,000, while the maximum freight rate for 40-foot and high-cube containers will be set at US$7,500.
CMA adjusts FAK rates from Asia to the Mediterranean and North Africa
On October 31, CMA (CMA CGM) officially issued an announcement announcing that it would adjust the FAK (regardless of cargo class rate) for routes from Asia to the Mediterranean and North Africa. The adjustment will take effect from November 15, 2024 (loading date) and will last until further notice.
According to the announcement, new FAK rates will apply to cargo departing from Asia to the Mediterranean and North Africa. Specifically, the maximum freight rate for a 20-foot standard container will be set at US$5,100, while the maximum freight rate for a 40-foot and high-cube container will be set at US$7,900. This adjustment is intended to better adapt to market changes and ensure the stability and competitiveness of transportation services.
Hapag-Lloyd raises FAK rates from the Far East to Europe
On October 30, Hapag-Lloyd issued an announcement announcing that it would increase FAK rates on the Far East to Europe route. The rate adjustment applies to cargo shipment in 20-foot and 40-foot dry containers and refrigerated containers, including high-cube types. The announcement clearly stated that the new rates will officially take effect from November 15, 2024.
Maersk imposes peak season surcharge PSS to Australia, Papua New Guinea and Solomon Islands
Scope: China, Hong Kong, Japan, South Korea, Mongolia, Brunei, Indonesia, Malaysia, Philippines, Singapore, East Timor, Cambodia, Laos, Myanmar, Thailand, Vietnam to Australia, Papua New Guinea and Solomon Islands, effective November 15, 2024.
Scope: Taiwan, China to Australia, Papua New Guinea and Solomon Islands, effective November 30, 2024.
Maersk imposes peak season surcharge PSS to Africa
In order to continue to provide global services to customers, Maersk will increase the peak season surcharge (PSS) for all 20', all 40' and 45' high dry containers from China and Hong Kong, China to Nigeria, Burkina Faso, Benin, Ghana, Cote d'Ivoire, Niger, Togo, Angola, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Namibia, Central African Republic, Chad, Guinea, Mauritania, Gambia, Liberia, Sierra Leone, Cape Verde Island, Mali.
When Senghor Logistics quotes to customers, especially the freight rates from China to Australia, have been on an upward trend, causing some customers to hesitate and fail to ship goods in the face of high freight rates. Not only the freight rates, but also due to the peak season, some ships will stay in the transit ports (such as Singapore, Busan, etc.) for a long time if they have transits, resulting in an extension of the final delivery time.
There are always various situations in the peak season, and price increase may be just one of them. Please pay more attention when inquiring about shipments. Senghor Logistics will find the best solution based on customer needs, coordinate with all parties related to import and export, and keep up with the status of the goods throughout the process. In case of emergency, it will be solved in the shortest time to help customers receive goods smoothly during the peak cargo shipping season.
Post time: Nov-05-2024
