Hapag-Lloyd announces simultaneous rate increase on many routes in December

Hapag-Lloyd shipping line has announced a rate increase on several routes worldwide that will take effect next month.

The German carrier will implement a General Rate Increase (GRI) from several countries in Asia to the West Coast of Latin America, Mexico, the Caribbean and Central America. GRI will take effect from December 1, 2023 for goods transported in dry and reefer containers, including high cube containers:

• 20' dry container: 500 USD
• 40' dry container: 1,000 USD
• 40' high cube container: 1,000 USD
• 40' Non-operative Reefer Container: 1,000 USD

The rate increase will apply to goods shipped from China, Macau, Korea, Thailand, Singapore, Vietnam, Cambodia, Philippines, Indonesia, Myanmar, Malaysia, Laos and Brunei to Mexico, Ecuador, Colombia, Peru, Chile, El Salvador, Nicaragua, Costa Rica, Dominican Republic, Puerto Rico, Jamaica, Honduras, Guatemala, Panama and Venezuela.

Additionally, Hapag-Lloyd announced another GRI from East Asia to the United States and Canada for 20' and 40' dry, reefer and specialty containers, including the 40'HC.

The company has decided to increase freight rates by US$800/TEU and US$1,000/FEU and GRI will also be applied from December 1.

Outgoing ports in East Asia include ports in Japan, Korea, Taiwan (PRC), Hong Kong (PRC), China (PRC), Macau (PRC), Vietnam, Laos, Cambodia, Thailand , Myanmar, Malaysia, Singapore, Brunei, Indonesia and Philippines.

Furthermore, the Hamburg-based container shipping line will increase freight rates by $200 per container from India's Mundra, Nhava Sheva, Pipavav and Hazira ports to the US East Coast.

This GRI / General Rate Adjustment (GRA) is applicable to all fully controlled containers effective December 15 and is effective until further notice.

Last but not least, Hapag-Lloyd has announced updates to its ocean freight rates from Northern Europe to India, Pakistan, the Red Sea and the Arabian Gulf.

This rate increase will apply to all 20' and 40' dry and refrigerated containers, including high cube containers, and applies to sailings beginning December 1 until further notice.

Read more:

• Hapag-Lloyd on track to become World's largest fleet of smart container ships
• Hapag-Lloyd applies new GRI to services from Asia to Central and South America

Source: Phaata.com (According to Hapag lloyd | ConainerNews) 

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