Carriers apply widespread rate rises, but delay US increases

October 16, 2020

Shipping lines have pushed up their rates again across the world with three out of the five largest container shipping companies announcing a number of increases on a variety of trade routes.

But notably, Hapag-Lloyd has postponed its US rate rise, which was subject to Federal Maritime Authority scrutiny, to November.

The German carrier has rescheduled the 15 October GRI from East Asia to the US and Canada, with the exception of all Japan origin cargo.

The new effective date of the this GRI, excluding Japan, will be 15 November. This GRI will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

East Asia to North America (USA and Canada)

US$960 per all 20′ container types
US$1200 per all 40′ container types
East Asia is defined as being the countries/districts of Republic of Korea, China/Taiwan, China/Hong Kong, China (PRC), China/Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, The Philippines and Russian Pacific Coast Provinces.

Hapag-Lloyd will apply a number of higher prices from 1 November its rates on the Middle East and Indian Subcontinent trades for all dry cargoes for 20’ and 40’ general purpose containers, including high cube containers.