Recently, shipping companies such as CMA CGM, Maersk, and Hapag-Lloyd have once again issued price adjustment notices on some routes. After Maersk and CMA CGM announced their first increase in FAK rates on routes to Asia, Europe, Australia and other routes in early July, they issued the latest announcement stating that they would increase FAK rates again starting from August 15.
CMA CGM raises FAK rates on Asia-Northern Europe route again
In early July, CMA CGM officially announced that it would significantly increase the FAK shipping rates on the Asia-Northern Europe route starting from August 1:
From August 1, the FAK rate for exports from all Asian ports (including Japan, Southeast Asia and Bangladesh) to Nordic ports (including the UK and the entire route from Portugal to Finland/Estonia) will increase to US$1,075 per 20-foot dry box. , increased to US$1,950 per 40-foot dry box/refrigerated box.
However, just after the first wave of increases on August 1, CMA CGM announced again that it would increase the FAK shipping rates on the Asia-Northern Europe route again from August 15:
From August 15, the FAK rate for exports from all Asian ports (including Japan, Southeast Asia and Bangladesh) to Nordic ports (including the UK and the entire route from Portugal to Finland/Estonia) will be increased to 1150 per 20 feet dry box. US dollars, per 40-foot dry box/refrigerated box increased to US$2,100.
Compared with the Asia-North Europe FAK shipping fee that just took effect on August 1, the newly announced FAK rate has increased by US$75 per small container and US$150 per large container!
CMA CGM imposes overweight surcharge on Asia-East Africa routes
CMA CGM issued an official notice announcing that starting from August 1 (loading date), for dry cargo shipped from Northeast Asia, Southeast Asia, mainland China, Hong Kong, China, Macau, China, and Taiwan, China, to East Africa (except Mozambique), the total number of containers For items weighing more than 18 tons, USD 250 is levied per 20-foot dry container.
It is understood that as early as July 24, CMA CGM said that starting from August 14, 2023 (loading date), it will start from Northeast Asia, Southeast Asia, mainland China, Hong Kong Special Administrative Region and Macau Special Administrative Region, and Taiwan, China. For dry cargo from Congo, the Democratic Republic of the Congo, Angola and Gabon, if the total weight of the container exceeds 18 tons, a levy of US$150 per 20-foot dry container will be levied.
Maersk raises FAK rates on Asia-North Europe route
At the beginning of last month, Maersk issued an official notice announcing that it would increase the FAK rate on the Far East-Europe route starting from July 31.
Maersk said that starting from July 31, the FAK rates for exports from major Asian ports to the Port of Rotterdam in the Netherlands, the Port of Gdansk in Poland, and the Port of Felixstowe in the United Kingdom will increase to US$1,025 per 20 feet and US$1,900 per 40 feet;
FAK rates for exports to the Port of Aarhus in Denmark and the Port of Gothenburg in Sweden are raised to US$1,050 per 20 feet and US$1,950 per 40 feet;
FAK rates for exports to the Port of Oslo, Norway, have been raised to US$1,175 per 20 feet and US$2,200 per 40 feet.
After raising the FAK rate for the Far East to Northern Europe route, Maersk immediately announced an increase in the freight rate for the Asia to Mediterranean route!
Hapag-Lloyd raises GRI for Asia-US East route
In addition to CMA CGM frequently announcing price increases, Hapag-Lloyd has also jumped on a “trend”!
Recently, Hapag-Lloyd issued a notice announcing that starting from September 1, the GRI/GRA for routes from India, Sri Lanka, Pakistan and Bangladesh to the East Coast of the United States will be increased by US$200 per box.
This fee applies to cargo in 20-foot and 40-foot dry containers, reefers and special containers (including high-cube equipment).
MSC adjusts FAK rates from Asia to Europe and North Africa
Recently, MSC announced that starting from August 1, 2023, it will adjust the FAK rate for exports from Asia to Europe and North Africa.
MSC added that the rate includes basic ocean freight, but is also subject to GFS (Global Fuel Surcharge) – VATOS 138/276/276 US dollars, effective from August 2023;
ECA (Emission Control Area) only applies to Northern Europe at a rate of USD 15 per TEU (Poland, Denmark, Sweden, Ireland, Belgium, Germany, UK, Netherlands, France) and USD 52 per TEU (rest of Nordic and Baltic countries) ).
The main contradiction in the market at this stage is still the lack of significant increase in demand. At the same time, the supply side of transportation capacity is facing the continuous delivery of new ships. Shipping companies can only take measures such as proactive and continuous reduction of transportation capacity to gain more gaming chips.
In the future, more shipping companies may follow suit, and there may be more similar measures to increase shipping rates.
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