Asian Shippers Face Rise in Ocean Container Freight Rates

Xinhua
Friday, August 31, 2012

All Asian shippers wil have to pay higher freight charges to European container ship operators from September 2012.

From September 1, Denmark-based Maersk, the world's largest container line, will implement a general freight increase of 250 U. S. dollars per TEU and 500 U.S. dollars per FEU on all shipments from the Far East to the Indian sub-continent, including India, Pakistan and Sri Lanka.

Taking a cue from Maersk, Emirates too has announced a freight increase of 200 U.S. dollars per TEU on shipments between the Far East/ South-East Asia and the Indian sub-continent.

The Geneva-based Mediterranean Shipping Company (MSC), the world's second largest container line, has announced peak season surcharge and bunker surcharge from September 1.The peak season surcharge of 300 U.S. dollars per TEU will be levied on the company's Cheetah service from Asia to South and East Africa, Indian Ocean and Mozambique ports.

MSC will levy a bunker surcharge of 860 U.S. dollars per TEU on shipments from Asia to the East and West Mediterranean, the Black Sea, the UK, North and Western Europe, Scandinavia, Baltic and African ports.

France's CMA CGM, the world's third largest container line, has also announced several rate increases across global trade routes as part of a rate restoration initiative.

 

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