Container shipping freight rates on most routes are set to rise with shipping lines announcing various hikes effective from mid-January and February, analysts and brokers said.

“Despite weak demand for ships, the shipping lines

declared freight hikes to earn more from whatever cargo is available
now,” said Kishore Parekh, overseas freight broker, Pitamber Laljee
& Sons.

Container and dry break-bulk freight rates have stayed unchanged since
a week, amid thin demand for ships, tracking poor export and import,
but may rise due to the new hikes, said K Suryanarayan, analyst,
freight forwarding company, S R Maritime.

Cosco Container Lines has announced Currency Adjustment Factor (CAF)
and Bunker Adjustment Factor (BAF) from February. CAF will be at 15.24%
of the freight for east and westbound cargo from Far East, including
Japan and the Indian subcontinent, to North-west Europe and Lebanon,
Syria, Black Sea ports and west and North Africa.

BAF will be applied on east- and west-bound shipments from Far East,
including Japan and India, to Europe and the Mediterranean from
February 1 at $500 per 20-foot equivalent unit (TEU) and $1,000 per
40-foot equivalent unit (FEU).

Between India and North-west Europe and the Mediterranean, BAF will be $300 per TEU and $600 per FEU.

Maersk Line will increase rates on west-bound cargo from south Asia and
west Asia to North Europe and the Mediterranean by $300 per TEU and by
$600 per FEU from February 1.

Hapag-Lloyd will increase rates for all cargoes shipped within east Asia (except from/to Japan) by $50 per TEU from Friday.

It will also revise upward the hazardous/dangerous cargo surcharge for
inland haulage under carrier arrangement within Great Britain
(including Northern Ireland) by ? 40 per TEU from February 5.

The Mediterranean Shipping Company (MSC) has announced a bunker
surcharge on west-bound exports from February 1 at $505 per TEU on all
cargo from Asia bound for the Red Sea, the Mediterranean, Black Sea
ports, northern Africa, northern Europe, Scandinavia and the Baltic.

MSC has also announced a rate restoration on India to north Europe, the
UK, west and east Mediterranean, and Black Sea trades, at $200 per TEU,
effective from February 1.

Source: DNA India

Search to find what you want

• Hanjin Shipping is restoring freight rates in Asia…

    Hanjin Shipping is restoring freight rates in Asia – Europe trade effective December 14th, 2009. The amount of rate restoration for all shipments from Asia (Far East, South East, and IPBC) to North Europe/Mediterranean is USD200 per TEU, USD 400 per FEU, and the Middle East to North Europe/Mediterranean is

• Hanjin Shipping rates again in Asia – Europe trade

     Hanjin Shipping is restoring freight rates in Asia – Europe trade effective December 14th, 2009. The amount of rate restoration for all shipments from Asia (Far East, South East, and IPBC) to North Europe/Mediterranean is USD200 per TEU, USD 400 per FEU, and the Middle East to North Europe/Mediterranean is

• Hanjin Increases Asia-Europe Rates

     Hanjin Shipping has joined Maersk Line, Evergreen, Mediterranean Shipping Co. and other major shipping lines in announcing that it will raise its eastbound freight rates on Asia-Europe trade lanes. The South Korean liner company said it will post an increase of $200 on 20-foot containers and $400 on 40-foot containers for

• SCI plans to hike freight west bound trade

    The Shipping Corporation of India (SCI) proposes to hike freight rate on the west-bound trade from India to Europe as part its rate restoration initiative, according to shipping industry sources. Effective March 1, the proposed increase will be $250 a TEU and will apply to all cargoes moving from India

• Evergreen: Rate restoration on the Euro-Mediterranean Trade

    To maintain reliable service for valuable customers, Evergreen Line decides to implement the GRR programme for Europe and Mediterranean to Far East (including Japan and Australia) and Indian Sub-Continent Eastbound Trades as follows, Service Scope: From Europe and Mediterranean to Far East (including Japan and Australia) and Indian Sub-Continent /Middle

• Evergreen represents Europe to Asia prices

     Ocean carrier Evergreen Line said it is raising rates on services from northern Europe and the Mediterranean to the Far East, including Australia, and the Indian Subcontinent-Middle East. Rates will increase $100 per container from Europe to the Far East, and $150 per container from Europe to the Indian Subcontinent-Middle East

• MSC Hikes Rates from India

     Mediterranean Shipping Company will increase freight rates for cargo moving on its services from India to Europe and Africa, effective October 12. From India to North Europe, the United Kingdom, East/West Mediterranean and Black Sea ports, rates will increase $150 per 20-foot equivalent unit. The proposed increase for the trade from India

• CMA CGM hikes prices on India / Pakistan-Europe route

     CMA CGM has announced a restoration of freight rates between India/Pakistan and Europe. New rate increases will apply to all cargo and commodities moving westbound and eastbound between India, Pakistan, Europe and the Mediterranean, effective October 1, 2009. The increase quantum from India/Pakistan to Europe and the Mediterranean will be US$250 per

• CMA CGM hike prices on Major Lanes

     CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1. Effective March 1, from North Europe to the Far East, the rate for all paper and plastic waste commodities will increase

• MSC hikes rates from Asia to Europe

     Mediterranean Shipping Company will raise rates and bunker charges on freight from Asia to Europe, effective April 1. The company has announced it would continue its “rate restoration program” by applying an increase of $300 per 20-foot equivalent unit to all cargo from South East Asia, China, Hong Kong, Korea and

• Zim raising interest rates in Asia-Europe Trade

     Zim said it will implement a general rate increase Oct. 1 from Asia and the Indian Subcontinent of $250 per TEU to North Europe and the West Mediterranean and, $200 per TEU to the East Mediterranean, Black Sea and Adriatic. American Shipper

• MSC hikes prices from India

     Mediterranean Shipping Company will increase freight rates for cargo moving on its services from India to Europe and Africa, effective October 12. From India to North Europe, the United Kingdom, East/West Mediterranean and Black Sea ports, rates will increase $150 per 20-foot equivalent unit. The proposed increase for the trade from India

• MSC to raise the Trans-Atlantic Import Prices Twice

     Mediterranean Shipping Company posted a two-stage general rate increase for cargos imported from ports in North Europe and the Mediterranean to the United States, Canada and Mexico. The carrier said it will implement a Dec.

• MSC walks Eastbound Trans-Atlantic prices

    Mediterranean Shipping Company announced Thursday a general rate increase on exports from North America to Europe and the Mediterranean as of April 1.

• Maersk Line: General Rate Increase from South Asia and the Middle East to Europe

    Maersk Line would like to announce a general rate increase effective 1st February 2010 in the South Asia/Middle East to Europe trade. The trading conditions for the carriers operating in these markets are still subject to unacceptable rate levels and the situation is unsustainable in the longer term