GRI Roundup: CMA CGM, Hapag-Lloyd, COSCO, MOL, Yang Ming, NYK and ‘K’ Line

Liner carriers CMA CGM, Hapag-Lloyd, COSCO, MOL, Yang Ming, NYK and “K” Line issued general rate increases.    Liner carriers CMA CGM, Hapag-Lloyd, COSCO, MOL, Yang Ming, NYK and “K” Line have issued general rate increases on various trades.
   CMA CGM will increase rates from Japan, Southeast Asia and Bangladesh to Jeddah, Ain Sokhna, Aqaba, Djibouti, Port Sudan and Hodeidah on all cargo, effective Aug. 15. Rates will increase by $150 per TEU.
   The French carrier also announced an emergency contingency surcharge from all Asian ports to or via Nhava Sheva on all cargo, effective Aug. 15. CMA CGM attributes the contingency surcharge of $150 per TEU and $300 per 40-foot container (FEU) to an increase in operational costs on its CIMEX lines from the current shutdown of one of Nhava Sheva’s terminals.
   Hapag-Lloyd will increase rates from Asia to North Europe and the Mediterranean by $1,000 per TEU, effective Sept. 1.
   COSCO will increase rates from Asia to North Europe on Aug. 27 by $1,000 per TEU.
   MOL will increase rates from Asia, including the Indian subcontinent and the Middle East, to Southern Africa, including South Africa, Lesotho and Zimbabwe, Aug. 15. Rates will increase by $200 per TEU and $400 per FEU.
   Yang Ming will increase rates from Asia to North Europe by $950 per TEU effective Sept. 1.
   NYK will issue a rate increase from Asia to North Europe and the Mediterranean, effective Sept. 1. Rates will increase by $970 per TEU and $1,940 per FEU, respectively.
   “K” Line will increase rates from Asia to North Europe Sept. 1 by $1,100 per TEU.