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Home > Maritime News > Freight Rate, Surcharge Update for Week of Feb. 13-17

Freight Rate, Surcharge Update for Week of Feb. 13-17

Created by HButler on 2/21/2012 2:28:39 PM

Hapag-Lloyd imposed a general rate increase on the Indian subcontinent-Europe trade lanes, starting March 1. The planned increase will be $550 per 20-foot equivalent unit. The German ocean carrier said the GRI will apply to all cargo shipped from the east coast of India, Bangladesh and Sri Lanka to destinations in North Europe and the Mediterranean.

Maersk Line is switching its Indian port calls on the Middle East-Europe (ME1) service, effective in early April. The Danish carrier in a trade advisory said the weekly ME1 will start calling at Mundra instead of Pipavav. The change will take effect with the arrival of the Maersk Kimi at Mundra on April 3.

The revised ME1 port rotation is: Westbound: Jebel Ali, Nhava Sheva (Jawaharlal Nehru), Mundra, Salalah, Jeddah, Algeciras, Felixstowe, Antwerp, Rotterdam and Bremerhaven. Eastbound: Felixstowe, Antwerp, Rotterdam, Bremerhaven, Aqaba, Jeddah, Jebel Ali, Nhava Sheva and Mundra. The service deploys seven vessels ranging in capacity from 6,500 to 7,500 20-foot equivalent units. The move comes as Maersk announced a similar terminal change in Belgium, with the weekly ME1 calls shifted to Antwerp from Zeebrugge in mid-February.

Middle East carrier United Arab Shipping will raise its rates on westbound trade from India to Europe and the Mediterranean. The proposed increase, starting March 1, will be $200 per container.

"This increase is necessary for UASC to continue providing customers with efficient services," UASC India said. The move comes as all container ship operators plan to push rates up effective March 1 on the troubled Asia-Europe trade lanes.

Maersk Line expanded its Rumba Service between South America, West Mediterranean, the Middle East and India with a direct call at Genoa, Italy. The additional port call came into effect with the sailing of vessel Maersk Dunbar from Rio de Janeiro on Feb. 12, which is slated to arrive at Genoa on March 11 and Jebel Ali on March 25.

The revised Rumba port coverage is: Rio de Janeiro, Santos, Itajai, Paranagua, Montevideo, Rio Grande, Santos, Algeciras, Genoa, Jeddah, Salalah, Jebel Ali and Nhava Sheva (Jawaharlal Nehru). The upgraded rotation enables the Danish carrier to offer direct connections from the east coast of South America to Italy, the Middle East and India with improved transit times.

Hamburg Süd said Wednesday it will raise freight rates on all cargo moving from the United States to Australia & New Zealand as of April 1. The general rate increase will be $150 for 20-foot containers and $300 for 40-foot containers.

- The Journal of Commerce.


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