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Apr 01, 2024

Major Shipping Companies Announced Freight Rate Increases Starting in May

Recently, Shipping Companies Have Continued To Announce A New Round Of Freight Rate Adjustment Plans. Starting From May, Shipping Companies Such As CMA CGM, Hapag-Lloyd, MSC, Maersk, HMM, And Wan Hai Will Continue To Adjust The Rates Of Some Routes, Involving Europe, The Africa, North America, Offshore, Etc...

 

FAK Rates - From Asia to North Europe

PRICE AND SURCHARGE UPDATES

 

Please find the new applicable CMA CGM Freight All Kinds (FAK) rates (*) as follows as from January 15th, 2024 (loading date) until further notice:

  20'GP 40'GP/40'HC/40'REEFER
Asia to North Europe USD 3,200 USD 6,000

Base port to base port rates. Out-ports are subject to usual TAO/TAD.

These new FAK rates will apply as follows:

- Origin Range: From all Asian ports (including Japan, South East Asia & Bangladesh)
- Destination Range: To all North European ports (including UK and the full range from Portugal to Finland/Estonia)
- Cargo: Dry, OOG, Paying empties & Reefer
- Date of application: From January 15th, 2024 (date of loading in the origin ports) until further notice

 

(*) These rates include the Basic freight and the Bunker-related surcharges. They are subject to THC (Origin & Destination), the Peak Season charges and similar charges and the Safety and Security-related surcharges which are accessible at http://www.cma-cgm.com/ebusiness/tariffs/charge-finder. Other charges such as Contingency charges and local charges may also apply.

 

CMA Imposes Peak Season Surcharge PSS From Asia To West Africa

 

In Order To Continue To Provide Customers With Reliable And Efficient Services, CMA CGM Notifies Its Customers To Impose The Following Peak Season Surcharge PSS. Details Of The Collection Standards Are As Follows:

 

Starting From April 16, 2024 (Loading Day) Until Further Notice: From China, Destination Range: Angola, Congo, Democratic Republic Of The Congo, Namibia, Gabon, Cameroon, Nigeria, Cote D'Ivoire, Benin, Ghana, Togo, Dry Cargo Containers In Equatorial Guinea Cost US$200 Per TEU.

Dry Cargo Containers From North And Central China, Destination Range: Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, Sao Tome And Principe, USD 150 Per TEU.

 

Starting From April 20, 2024 (Loading Day) Until Further Notice: From South China, Northeast Asia And Southeast Asia, Destination Range: Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, San Dry Cargo Containers From Tome And Príncipe Cost US$500 Per TEU.

Dry Cargo Containers From North China, Destination Range: Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, Sao Tome And Principe, USD 150 Per TEU.

 

Starting From April 22, 2024 (Loading Day) Until Further Notice: Dry Cargo Containers From China, Destination Range: Nigeria, Cote D'Ivoire, Benin, Ghana, Togo, Equatorial Guinea, USD 450 Per TEU.

Dry Cargo Containers From China, Destination Range: Angola, Congo, Congo (DRC), Namibia, Gabon, Cameroon, USD 300 Per TEU.

 

Starting From April 23, 2024 (Loading Day) Until Further Notice: From North And Central China, Destination Range: Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, Sao Tome And Dry Cargo Containers In Principe Cost US$500 Per TEU.

 

Hapag-Lloyd Raises FAK Rates From Far East To Northern Europe And Mediterranean

 

Hapag-Lloyd Announced That On May 1, 2024, The FAK Rate For Travel Between The Far East And Northern Europe And The Mediterranean Will Increase. The Price Increase Applies To The Transportation Of 20-Foot And 40-Foot Containers (Including High Cabinets And Refrigerated Containers) Of Goods. The Specific Charging Standards Are As Follows:

Per Container in USD

Destination 20' Dry 40' Dry 40' HC 20' RF 40' RF
North Europe* 1650 3100 3100 1650 3100
West Mediterranean* 2800 3500 3500 2800 3500
Adriatic* 2825 3550 3550 2825 3550
East Mediterranean, Black Sea (Bulgaria, Romania), Türkiye & Egypt 3300 3900 3900 3300 3900
North Africa* 3475 4700 4700    

 

MSC Adjusts New FAK Rates From Far East To Northern Europe

 

MSC Mediterranean Shipping Company Announced That Starting From May 1, 2024, But No Later Than May 14, All Asian Ports (Including Japan, South Korea And Southeast Asia) Will Impose New FAK Rates To Northern Europe. Details Are As Follows:

 

Port of discharge New All in Rates
20 DV 40 DV-HC
NWC US$2,700 US$4,500
EAST MED US$4,100 US$5,600
BLACK SEA US$4,200 US$5,800
WMED US$3,600 US$5,400
ADRIATIC US$3,600 US$5,400

 

Once again, we would like to remind the shippers who have shipment plans in the near future, please pay close attention to the freight rate adjustment of sea freight and inform each other.

Be sure to plan your shipments as early as possible to avoid shipping delays!

 

Please contact with us should you require information about commodities not included in the shipping rates, other port pairs, specific equipment or any other pricing information.

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