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NYK walks Transatlantic Rates

Transport News | November 2, 2009 | View Comments
  • NYK Line joined a growing parade of carriers raising rates on trans-Atlantic lanes announcing price increases effective Dec. 1 on shipping to and from Northern Europe.

    The hikes follow announcements of price increases on the Atlantic from OOCL and CMA CGM and follow the notice that the New World Alliance carriers – APL, Hyundai Merchant Marine and MOL – will cut their capacity by a third.

    NYK told its customers in a notice it is implementing a general rate increase for all cargo under independent tariffs on its trans-Atlantic services to and from all locations in Northern Europe on Dec. 1.

    It said the increases, which will apply to all equipment sizes and types, will be $150 per 20-foot container and $300 per 40-foot container.

    The Journal of Commerce Online

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    • NYK increased trans-Atlantic prices
    •     NYK Line will implement a general rate increase for all dry and refrigerated containers to and from U.S. and Canadian ports to all port in Northern Europe as of Sept. 14. The planned increases are $250 per 20-foot container and $500 per 40-foot container. NYK said the GRI will apply

    • Trans-Atlantic ACL Raise Prices
    •      Atlantic Container Line said it will raise rates on east- and westbound trans-Atlantic cargo, effective April 1. The increases, which are the same for cargo moving in both directions, are $250 per 20-foot container and $400 per 40-footer. The move continues a trend in multiple trade lanes after carriers reduced capacity

    • 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.

    • MSC hikes rates in North America
    •      With carriers increasing rates on major trade lanes on an almost daily basis, Mediterranean Shipping Co. has announced a broad set of rate increases on North American exports on both the trans-Atlantic and the trans-Pacific trade lanes as of March 1. On the trans-Atlantic, the Geneva-based carrier said it will increase

    • Evergreen hikes prices for exports of U.S.
    •      Evergreen Line filed a range of rate increases on a number of different commodity exports in the trans-Pacific and the Trans-Atlantic to support what it called “sustainability.” Evergreen forecast the ocean carrier industry collectively will lose more than $20 billion in 2009 and said rates have fallen in every major trade

    • OOCL Trans-Atlantic Raises Rates
    •      OOCL said it will impose a general rate increase on westbound trans-Atlantic cargo as of April 1. The move follows increases on the trade lane that were announced recently by several other carriers including NYK, Hanjin Shipping and Mediterranean Shipping Co. OOCL said current ocean freight rates continue to be below the

    • OOCL bumps Transatlantic Rates
    •      Orient Overseas Container Line will apply the second phase of its rate restoration program Jan. 1 with a general rate increase on the trans-Atlantic trade. “Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs,” the carrier said in a statement, adding

    • Hanjin Shipping Announces 2010 Trans-Atlantic Rate Recovery Program
    •     Hanjin Shipping has announced a rate recovery program for the Trans-Atlantic trade in the year 2010. The program, consisting of three quarterly rate restorations, will be applied to all shipments between North America, Northern Europe and the Mediterranean, both east and west bound. Details are as follows: < 2010 Trans-Atlantic

    • Maersk plans big changes on the Trans-Atlantic
    •     Maersk Line is making some major changes in its trans-Atlantic services. The world’s largest ocean container carrier will begin notifying customers in October of the rates and services it is planning for the trade over the next 12 months. It has already notified customers that it is changing the interval

    • Evergreen Line Northern Europe to the U.S. increases rates
    •     Taiwanese container giant Evergreen Line has announced a rate restoration on its Northern Europe to USA trades in order to ‘bring freight rates back to sustainable and viable levels so that we can continue providing a comprehensive network and quality of liner services that our customers expect’. The increases apply

    • Hapag-Lloyd walks Asia-to-Canada price
    •      German ocean carrier Hapag-Lloyd said it is raising rates from all parts of Asia, including the Indian Subcontinent, to Canada beginning March 15. The increases are $320 per 20-foot container, $400 per 40-foot container and $450 per 40-foot high cube container to Vancouvery; and $400 per 20-foot container, $500 per 40-foot

    • WCSA lines to raise interest rates entire 10
    •      Member lines of the West Coast South America Discussion Agreement have agreed on four staggered rate increases of $350 per 20-foot container and $500 per 40-foot container over the next year for southbound shipments from the U.S. East and Gulf coasts. The rate increases are to take effect Jan.

    • Maersk Line makes changes to the Trans-Atlantic Service Network
    •      Maersk Line announces revisions to its trans-Atlantic network including removal of the Trans-Atlantic 3 (TA3) service between North America and Northern Europe in an effort to adjust capacity to better suit market demand. “Trading and market conditions on the trans-Atlantic route warrant elimination of excess capacity between Europe and North

    • To name Transatlantic Service Belfast
    •      A Dallas-based company plans to begin offering a new transatlantic service that includes a port call in Belfasty, Northern Ireland, at the end of December. Peter Bouwhuis, president of Trans Atlantic Liner Services (TALS), said the service will use space chartered on vessels operated by BBC Chartering, and plans to offer

    • Zim to travel trans-Atlantic, Asia-Europe rates from 1 December
    •      Zim Integrated Shipping Services Ltd.

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