Freight Rate Roundup: Maersk, CMA CGM and Hapag-Lloyd

Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.    Ocean carriers Maersk Line, CMA CGM and Hapag-Lloyd issued general rate increases on various trades.
   Maersk Line announced new FAK rates from Asia (excluding Japan) to Australia effective Nov. 15 until further notice, but not beyond Nov. 30.
   Maersk also issued increased FAK rates from Asia to New Zealand effective Nov. 15 until further notice, but not beyond Nov. 30.
   CMA CGM issued general rate restorations from:
     • All Asian ports to Pakistan, India’s West Coast and Sri Lanka for all cargo in two successive steps. On Nov. 1, rates will increase by $100 per TEU, and on Nov. 15, rates will increase by an additional $100 per TEU.
     • All Asian ports to all Middle East Gulf ports for all cargo in two successive steps. On Nov. 1, rates will increase by $200 per TEU, and on Nov. 15, rates will increase by an additional $200 per TEU.
     • Asia to South Africa and Port Louis (Mauritius) for all cargo (including dry, reefer, OOG and breakbulk) effective Dec. 1. Rates will increase by $300 per TEU and $600 per FEU.
     • Asia (including Korea, Taiwan, Japan, Southeast Asia and Bangladesh) to West Arica for all cargo (including dry, reefer, OOG and breakbulk) effective Dec. 1. Rates will increase by $500 per TEU and $1,000 per FEU.
   CMA CGM also announced new FAK rates from all Asian main ports to all North African main ports effective Nov. 1, and from all Asian main ports to all Mediterranean main ports, also effective Nov. 1.
   Hapag-Lloyd issued increases from:
     • North, South and Central China to the Arabian Gulf for all cargo and container types effective Nov. 15. Rates will increase by $200 per TEU.
     • East Asia to North America (U.S. and Canada) for all dry, reefer, flat rack and open top containers effective Nov. 19. Rates will increase by $540 per 20-foot standard container, $600 per 40-foot standard container and 40-foot high cube container, and $760 per 45-foot container.
     • East Asia to the Caribbean, the East Coast of Central America, Panama, the Gulf of Mexico and Progreso for all cargo and container types effective Dec. 1. Rates will increase by $1,050 per TEU container and $1,500 per FEU container.
     • East Asia to Mexico, the West Coast of Central America and the West Coast of South America for all cargo and container types effective Dec. 1. Rates will increase by $750 per TEU container and $1,500 per FEU container.
     • East Asia to North America (U.S. and Canada) for all dry, reefer, flat rack and open top containers effective Dec. 1. Rates will increase by $630 per 20-foot standard container, $700 per 40-foot standard container and 40-foot high cube container, and $886 per 45-foot container.