Container Shipping Giants CMA CGM & Hapag Lloyd Revise Service Charges

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  • CMA CGM’s increased freight of all kinds (FAK) rates will be in effect from 1 September and not beyond 30 September.
  • The Marseille-based carrier will apply the following FAK rates, effective from 3 September.
  • Bejaia port in Algeria faces severe congestion and takes between seven-10 days on the current vessel berthing sequences.
  • CMA CGM adds a port congestion surcharge of US$100/€85 per TEU to Bejaja port for all the shipments, except those from the US.
  • Hapag-Lloyd has announced an increase in its rates for all dry cargoes from Brazil to East Asia with effect from 1 October 1.

Container shipping companies CMA CGM and Hapag-Lloyd revise service charges, says an article published in Container News.

Increase in rates

CMA CGM increase in FAK rates 

CMA CGM has announced increased freight of all kinds (FAK) rates listed below will be in effect from 1 September until further notice but not beyond 30 September.

US$1,025 per 20’, US$1,175 per 40’ and US$1,175 per 40’ high cube containers from all North Europe-based ports to North West India and Pakistan for dry cargo.

Marseille-based carrier 

The Marseille-based carrier will apply the following FAK rates, effective from 3 September:

The third-largest container shipping company has also implemented an overweight surcharge of US$200 per 20′ dry with gross weight exceeding 15 tonnes.

This is applicable from 1 September until further notice on EPIC 1 and EPIC 2 services to Port Qasim in Pakistan and inland points via said port.

Port congestion

As the 19-day strike at Bejaia port in Algeria ended recently, the port is undergoing severe congestion.

It takes between seven-10 days on the current vessel berthing sequences with:

  • increased laden cargo lead-time, 
  • empty equipment re-loading/repositioning frequency affected and 
  • increased operating costs.

CMA CGM’s move to handle congestion 

To handle this, CMA CGM has implemented a port congestion surcharge of US$100/€85 per TEU to Bejaja port, effective from 24 August.

This surcharge will apply to all shipments, except those from the US. The surcharge for US-origin shipments will be effective from 18 September.

Any revision in the amount of this surcharge related to the evolution of the local situation will be communicated with a 10-day notice period, said the company.

Hapag-Lloyd rate increase 

Hapag-Lloyd has announced an increase in its rates for all dry cargoes from Brazil to East Asia with effect from 1 October 1 as follows:

  • US$100 per 20′ dry container to East Asia
  • US$100 per 40′ dry container to East Asia

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Source: Container News

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