Hapag-Lloyd announced a rate increase for all cargoes and container types on the Far East westbound trade effective July 9.
The new rates on the Asia-Europe trade lane will go up by US$1,000 per 20-foot-equivalent unit.
The general rate increase applies to all shipments from Asia (excluding Japan) to all North Europe and Mediterranean destinations.
North Europe is comprised of the Northwest Continent, the UK, Scandinavia, Baltic, and the European ports of Russia.
The Mediterranean consists of West Mediterranean, East Mediterranean, the Black Sea, and North Africa.
Asia covers Japan, South Korea, Taiwan, Hong Kong, China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific Ports of Vladivostok and Vostochny.
The German box liner is also poised to jack up rates effective July 1 for all cargoes and all container types from Asia to the Caribbean, East Coast of Central America, and Panama. Freight rates are set to increase by $700 per 20-foot container and $1,000 per 40-foot container.
