Hapag-Lloyd To Increase Rates Worldwide In December


Hapag-Lloyd has announced rate increases in several routes across the world, which will take effect in the next month.

German carrier

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.

Increase in rates

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.

Hapag-Lloyd has also 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.

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Source : Container news