Major lines continue to adjust Asia charges

The largest shipping lines are continuing to raise rates from Asia, as the market conditions are still unbalanced due to continuing Covid-19 crisis. Maersk Line has announced new rates from Pakistan, United Arab Emirates (UAE) and the Indian Sub-continent to the US and Canada for dry and reefer cargo, effective from 1 October.

Origins	Destinations	Cargo Type	20DC	40DC / 40High / /40HREEF / 45HDry	Effective date
Pakistan, UAE and Indian sub-continent	United States and Canada	DRY/REEF	300	400	1 October 2020

In addition, the Danish carrier will apply a peak season surcharge (PSS) of US$800/40ft high cube reefer container from China, Hongkong, Taiwan, Japan, Korea South, Thailand, Malaysia, Singapore, Vietnam, Cambodia, Myanmar, Indonesia, Philippines to East Coast South America (ECSA). The PSS will take effect on 15 September 2020. Moreover, CMA CGM will implement fresh freight of all kinds (FAK) rates from all Asian ports, including Japan, Southeast Asia and Bangladesh, to all Northern European ports, including the United Kingdom and the full range from Portugal to Finland and Estonia. The new prices will apply to dry and reefer cargo, out-of-gauge (OOG) and paying empties from 15 September. On the same day, the French carrier will launch a new PSS of US$150/TEU to the same rotation. The Marseille-based company will also apply a general rate increase (GRI) from India's West Coast to Mombasa in Kenya and Dar Es Salaam in Tanzania. CMA CGM's GRR will be effective from 1 October for all dry, reefer, OOG and breakbulk cargo. Furthermore, the German Hapag-Lloyd has announced a GRI from North India inland container depots (ICD) to the Middle East and Indian Subcontinent, effective from 15 September. The new GRI will be applied for all cargo loading as follows:

• US$100 per 20’ Standard Container
• US$200 per 40’ Standard Container
• US$200 per 40’ High Cube Container

North India ICD are those that are situated in the Indian states of Delhi, Uttar Pradesh, Haryana, Rajasthan & Punjab.