European carriers to increase rates from Asia

The European shipping companies Hapag Lloyd and CMA CGM have announced new charges from several Asia regions to various destinations worldwide, which will take effect from late July and August.

Firstly, Hapag-Lloyd will implement a General Rate Increase (GRI) of US$300 per standard TEU and US$600 per standard and high cube FEU, from Bahrain to the Indian Subcontinent (Bangladesh, India, Sri Lanka, Pakistan) and the Middle East (UAE, Oman, Saudi Arabia, Bahrain, Iraq, Jordan, Kuwait, Qatar, and Yemen). The increase will be effective from 23 July.

In addition, the German liner operator will raise prices by US$100 per standard and high cube unit, from Karachi and Pakistan to the Arabian Gulf (UAE, Oman, Kuwait, Iraq, Bahrain, Qatar, and Dammam and Jubail, Saudi Arabia). This increase will begin on 1 August.

On the same date, the Marseille-based CMA CGM will apply a Peak Season Surcharge (PSS) of US$1,000 per TEU of dry cargo travelling from India to North Europe, Baltic, Mediterranean, Black Sea, North Africa & Morocco.