Germany’s Hapag-Lloyd has decided to postpone its planned general rate increase (GRI) for the Asia-North America trade scheduled in early May to the middle of the month.
The carrier announced that the GRI for all dry, reefer, flat-rack, and open-top containers on the trans-Pacific lane will be moved from May 1 to May 15.
The rate hikes for shipments from Asia to the U.S. West Coast port locations, Vancouver, and British Columbia Province will be US$240 per 20-foot standard container, $300 per 40-foot standard container, $337 per 40-foot high-cube container, and $380 per 45-foot unit.
The new rates to the U.S. East Coast port locations, U.S. inland point intermodal points and reverse inland point intermodal points, Toronto, Montreal, Halifax all-water, and all other Canada inlands are to go up by US$320 per 20-foot standard container, $400 per 40-foot standard container, $450 per 40-foot high-cube container, and $506 per 45-foot container.
Asia coverage includes Japan, Korea, Taiwan, Hong Kong, China, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, the Philippines, and the Russian Pacific Coast Provinces.
Hapag-Lloyd said it will also adopt a rate hike for the Asia-Caribbean/East Coast Central America/Panama swing effective June 1. All cargoes and container types on this trade lane will be levied a GRI of US$700 per 20-foot box and $1,000 per 40-foot unit.
For its part, French cargo ocean liner CMA CGM will impose a US$150 rate increase per container from Asia to all Mozambican ports. The higher rates become effective from May 15.
