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...

CMA FAK rates from Asia to Northern Europe

CMA updates FAK rates from Asia to Northern Europe. From May 1, 2024 (shipping date) until further notice. USD 2,200 per 20-foot dry box, USD 4,000 per 40-foot dry box/high box/refrigerated box. Details are as follows:

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:

                                

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:

                                     

Maersk raises FAK rates from Far East to Mediterranean and Northern Europe

In order to continue to provide you with global services, Maersk announced that it will increase FAK rates from April 29, 2024. Details are as follows:

                                         

HMM collects GRI from Asia to North America and Mexico

Effective May 1, 2024, HMM will implement the new GRI for services from all origins to the United States, Canada and Mexico. The standards are the same as the previous ones, and according to the latest announcement issued by HMM, the standards will be the same starting from May 15th. Details are as follows:

                                      

Please check with the corresponding shipping company for specific collection information. Other shipping companies may also have similar measures to increase freight rates.

                                             

Again, we would like to remind all cargo owners and freight forwarders who will be shipping in the near future, please pay close attention and inform each other. Freight prices have been volatile recently, so communicate well with shipping companies, customers, etc., and be sure to make shipment plans as early as possible to avoid affecting shipments! Forward to everyone~