Hapag-Lloyd to increase rates worldwide in December

Hapag-Lloyd has announced an increase in the rates in several routes across the world, which will take effect in the 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, Caribbean and Central America. The following GRI will be effective from 1 December for cargo transported in dry and reefer containers, including high cube equipment:

• 20′ Dry Container: US$500
• 40′ Dry Container: US$1,000
• 40′ High Cube Container: US$1,000
• 40’ Non-operative Reefer Container: US$1,000

The rate increase will be applied for cargo transported from China, Macau, South 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 has announced another GRI from East Asia to the United States and Canada for 20’ and 40’ dry, reefer and special containers, including high cube equipment.

The company has decided to increase its rates by US$800 per TEU and US$1,000 per FEU and the GRI will also be applicable from 1 December.

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

Furthermore, the Hamburg-based box line will increase its rates by US$200 per container travelling from India’s ports of Mundra, Nhava Sheva, Pipavav and Hazira to the United States East Coast.

This GRI / General Rate Adjustment (GRA) is applicable to all containers gated in full from 15 December and is valid until further notice.

Last but not least, Hapag-Lloyd has announced updated ocean tariff rates from North Europe to India, Pakistan, Red Sea and Arabian Gulf.

This rate increase will apply for all 20’ and 40’ dry and reefer containers, including high cube equipment, and applies to sailings starting on 1 December until further notice.

Source: Container News

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