COSCO, Hapag-Lloyd and CMA CGM implement rate increases.
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.
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
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.
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.
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.
will increase on westbound traffic from Far East Asia (excluding Japan)
to North Europe, the Mediterranean and Black Sea by $850 per TEU on
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.