Shipping Rate, Surcharge Update for Week of Sept. 24-28

Maersk Line plans to implement general rate increases on two major trade lanes, as part of a new rate restoration program. The Danish carrier will hike rates by $150 per container unit on shipments from the Mediterranean to Far East Asia (excluding Syria), starting Nov. 1. Rates on dry cargo moving from Far East Asia to Central America and the Caribbean will go up by $580 per 20-foot and $800 per 40-foot/high cube container, effective Oct. 15.

“In order to continue offering our broad portfolio of services and high level of reliability, it will be necessary for us to implement a number of rate increases/restorations,” Maersk said. 

United Arab Shipping Company will implement a general rate increase on Asia-Europe trade lanes, starting Nov. 1. The proposed hike on dry and reefer cargo will be $505 per 20-foot equivalent unit. The GRI will cover westbound shipments from Asia to North Europe, the western Mediterranean and Adriatic region. Middle East-based UASC said the increase is necessary to “maintain a viable service level” on the trade routes.

OOCL will implement a freight rate increase for westbound traffic from Asia to Europe by $525 per TEU. It covers shipments from the Far East (including Japan), Indian Sub-Continent and Middle East to North Europe, the Mediterranean and Black Sea.

- The Journal of Commerce.