FEFC westbound rate increase amount confirmed
An announcement by NYK Line in Hong Kong confirms the Far Eastern Freight Conference's April 1 westbound rate restoration will be an additional $150 per TEU for export shipments from Far East origins, including Hong Kong, Macau and China to North Europe, Mediterranean ports and Scandinavia.
It was also said, “under the FEFC Westbound Interim Tariff, surcharge of $75 per TEU maintained apply to cargo to the United Kingdom,” and that “an add-on of $300 per unit is applicable on high cube containers in the above trade lanes.”
In December a FEFC announcement covering the Asia to North Europe/Scandinavia trade (excluding Japan) warned the April 1 rate restoration would be $150 per TEU minimum, but that “the final quantum will be decided nearer the time.”
Member lines of the Far Eastern Freight Conference are ANL Containerlines, APL, CMA-CGM, Egyptian National Shipping Co., Hapag-Lloyd Container Line, Hyundai Merchant Marine, “K” Line, Maersk Sealand, Malaysia International Shipping Corp., Mitsui O.S.K. Lines, NYK, Norasia Container Lines, OOCL, P&O Nedlloyd and Yangming Marine Transport.