Industry News

Major route adjustment! Hapag-Lloyd, CMA CGM and Maersk announce price increases on these routes


Recently, shipping companies have started a new round of price increase plans. Shipping companies such as Hapag-Lloyd, CMA, Maersk, and COSCO Shipping have once again issued notices on fee collection adjustments for some routes.

In addition, according to news recently released by the Ningbo Shipping Exchange, from October 28 to November 3, the freight index for the East Route of South America increased by 15.3% month-on-month.

Hapag-Lloyd and CMA raise freight rates

Hapag-Lloyd raises FAK rates from the Far East to Northern Europe and the Mediterranean.

Recently, Hapag-Lloyd announced that starting from December 1, FAK rates for transportation between the Far East and Northern Europe and the Mediterranean will increase. The price increase applies to goods transported in 20-foot and 40-foot containers.

In addition, CMA also updates FAK rates from Asia to Northern Europe.

At the same time, the CMA also adjusted FAK rates from Asia to the Mediterranean and North Africa. Effective from December 1, 2023 (shipping date) until further notice.

Maersk and COSCO Shipping impose surcharges

A few days ago, another shipping giant, Maersk, announced the imposition of a peak season surcharge PSS from the Far East to East South America.

The peak season surcharge will be imposed on all dry cargo containers from Greater China and Northeast Asia (excluding Taiwan, China) to central/southern West Africa starting from November 6, 2023. The details are as follows:

It will take effect in Taiwan, China, on December 3, 2023, and in Vietnam, it will take effect on November 18, 2023.

In addition, Maersk also announced the imposition of a peak season surcharge PSS from the Far East to West Africa.

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