Long-haul freight rates have given way to the lack of capacity discipline, as the Shanghai Containerized Freight Index (SCFI) lost ground after three weeks...

Rates & Surcharges

CMA CGM applies new FAK rates from Europe to US East Coast and US Gulf

Container News Team - August 18, 2023 0

French ocean carrier CMA CGM has announced the following updated Freight All Kinds (FAK) rates from all ports in North Europe, including North France,...

Industry Opinions

Amid record-low Transatlantic trade rates, shippers must seize opportunities before market rebounds: Xeneta

Container News Team - August 17, 2023 0

Spot rates on the Transatlantic front haul trade from North Europe to the US East Coast (USEC) are plummeting rapidly. According to Xeneta's platform...

Rates & Surcharges

Hapag-Lloyd increases rates from India’s West Coast to US West Coast

Container News Team - August 17, 2023 0

German ocean carrier Hapag-Lloyd has announced a new general rate increase (GRI) / general rate adjustment (GRA) from India's West Coast ports of Nhava...

MSC junks India-US rate push as market stays soft despite peak season expectations

Container News Team - August 16, 2023 0

Mediterranean Shipping Co. (MSC) has cancelled rate increase activity that was to have begun on 15 August on the India-US trade lane. The previously-published trade...

Rates & Surcharges

Hapag Lloyd increases rates from UAE to North Europe, West Med and North Africa

Container News Team - August 10, 2023 0

Hapag Lloyd has announced increased ocean tariff rates from the United Arab Emirates (Jebel Ali and Abu Dhabi) to North Europe (Germany, Netherlands, United...

Industry Opinions

Spot rates rally on key Far East trade lanes after latest GRI moves: Xeneta

Ioanna Kontos - August 10, 2023 0

Spot rates for containerised ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs)...

Rates & Surcharges

SCFI rises for second consecutive week as North America rates increase

Ioanna Kontos - August 9, 2023 0

According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039.32 points, continuing a...

Rates & Surcharges

CMA CGM revises congestion surcharge in Mersin from and to North Europe

Ioanna Kontos - August 9, 2023 0

As operational challenges continue at the port of Mersin, CMA CGM has decided to revise the port congestion surcharge (PCS) at the Turkish port. The...

Rates & Surcharges

Hapag Lloyd implements new peak season surcharge from East Asia to North America

Ioanna Kontos - August 9, 2023 0

Hapag Lloyd has announced a new Peak Season Surcharge (PSS) from East Asia, namely Japan, Republic of Korea, Taiwan (PRC), Hong Kong (PRC), China...

CMA CGM announces new rates from Middle East Gulf to North Europe and Med

Ioanna Kontos - August 7, 2023 0

CMA CGM will apply new Freight All Kinds (FAK) rates from Middle East Gulf ports to all North European, West Mediterranean and North African...

Rates & Surcharges

Transpacific splashes green as world container index registers highest weekly gain since December 2020

Ioanna Kontos - August 7, 2023 0

The World Container Index by Drewry put up its best-ever show since December 2020 to end at US$1,761, registering an 11.7% gain, as head-haul...

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Rates & Surcharges

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd announces surcharge from Asia and Oceania to African ports

Hapag-Lloyd increases rates from Asia to Americas

Africa: The Bright Spot in Deepsea Container Routes

Maersk introduces new PSS from China and Hong Kong to African destinations

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