COSCO. Rates will increase on all dry and reefer cargo from Far East Asia and India to the U.S. and Canada by $800 per TEU, $1,000 per FEU, $1,125 per 40-foot, high-cube container, and $1,266 per 45-foot container on Jan. 15.
Hapag-Lloyd. The GRI announced by Hapag-Lloyd on Dec. 5 for dry commodities from the U.S. and Canada to East Asia, India and the Middle East has been postponed from Jan. 15 to Feb. 1. The rates are $80 per TEU and $100 per FEU.
Rates will increase on all cargo and container types from East Asia to the Caribbean, East Coast Central America and Panama by $700 per TEU and $1,000 per FEU.
Rates will also increase on all cargo and container types from East Asia to Mexico, West Coast Central America and West Coast South America by $750 per TEU on Jan. 15.
From East Asia to East Coast South America, rates will increase on all cargo and container types by $750 per TEU on Jan. 15.
On all cargo and container types from North East Asia to Australia, rates will increase by $300 per TEU.
Lastly, rates will increase on all cargo and container types from the Caribbean and Central America to Europe by $250 per TEU and FEU.
Caribbean Shipowners Association (CSO). A bunker surcharge reduction will be applied to cargo and container types traveling from the U.S. to the Caribbean, reducing amounts $15 per TEU, $30 per FEU and $34 for equipment types more than 40 feet. Rates will be reduced by $9 for equipment types described as Vehs NE 700 cft (500 cft avg), 4 cents for LCLs per 100 pounds, and 2 cents per LCLs per 1 cft. Rates will be reduced by 70 cents w/m for equipment types defined as Vehs exceeding 700 cft per 40 cft or 2,000 pounds, breakbulk NITs and LCLs 2,000 pounds or 40 cft.
The Caribbean destinations include Anguilla, Antigua, Barbados, Dominica, Grenada, Haiti, Montserrat, Saba, Sint Eustatius, Saint Kitts, Nevis, Saint Lucia, Saint Vincent, Tortola, Trinidad, Turks and Caicos, Jamaica, Guyana, Suriname and Virgin Gorda.
CSO is also filing an intermodal transportation service charge of $100 per container on all export and import cargo from the U.S. East Coast and Gulf Ports to Caribbean destinations within the scope of CSO’s basic agreement on Jan. 18.
Members will also increase South Florida drayage charges by $50 per round-trip on Jan. 18.
CSO members include CMA CGM, Crowley, King Ocean, Seaboard Marine Ltd, SeaFreight, Tropical, US Lines and Zim.
Eukor. The BAF will decrease from 55 percent to 45 percent on the following vessels due to load after Jan. 1: Morning Lisa voyage 059 sailing on the CAEX, Morning Chorus voyage 075 sailing on the AGEX, and Torino voyage 010 sailing on the AFEX. The new BAF surcharge will be implemented on all cargo from Europe to Far East Asia, Middle East and East Africa.
OOCL. Rates will increase on westbound traffic from Far East Asia (excluding Japan) to North Europe, the Mediterranean and Black Sea by $850 per TEU on Jan. 8.
MSC. A general rate increase and peak-season surcharge will be applied to all standard, reefer and special equipment types originating from Asia (including Southeast Asia) to U.S. and Puerto Rico on Jan. 15. The GRI will increase rates $480 per TEU, $600 per FEU and $675 per high-cube container, while the PSS will increase rates $320 per TEU, $400 per FEU and $450 per 40-foot, high-cube container.
CMA CGM. Rates will increase on Asian cargo to the Red Sea by $300 per TEU, and on all Asian cargo to South Africa and Indian Ocean by $100 per TEU on Jan. 1. The Red Sea ports are being defined as Jeddah, Ain Sokhna, Aqaba, Djibouti, Port Sudan, Aden and Hodeida.
Furthermore, rates will increase on all Asian cargo heading to West Africa by $300 per TEU and $600 per FEU on Jan. 15.
The Shanghai Containerized Freight Index closed Dec. 19 at 1120.33 points, down 15.22 points from the previous week.
Asia-Europe trade and Asia-South America trade experienced aggressive declines, according to Freight Investor Services.
Asia-Europe trade declined $123 down to $1,230 per TEU, negating 19 percent of the Asia-Europe trade GRI implementations. Asia-South America trade declined over the past six weeks, falling from $767 to $909 per TEU, FIS stated, with the average trade rate being 19-percent lower than the same period a year lower.
According to FIS, United States West Coast lost $17 to reach $2,242 per FEU.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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