Freight Rate Roundup: Maersk, MSC, CMA CGM, Hapag-Lloyd, Hamburg-Süd and MOL

Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd, Hamburg Süd and MOL announced freight rate changes.

   Ocean carriers Maersk Line, MSC, CMA CGM, Hapag-Lloyd, Hamburg Süd and MOL announced freight rate changes.
   Maersk issued a dry FAK rate increase from Asia to the Mediterranean effective Dec. 1 until further notice, but not beyond Dec. 14.
   Maersk announced increased FAK rates from the Middle East and Indian Subcontinent (India, Bangladesh, Sri Lanka and Pakistan) to North Europe effective Dec. 15 until further notice, but not beyond Dec. 31.
   MSC announced new rates from Europe to Asia and the Middle East (Gulf) for non-hazardous, non-scrap, FAK cargo effective Dec. 1 until further notice, but not beyond Dec. 31.
   CMA CGM issued new FAK rates for reefer cargo on the North Europe to Asia trade effective Dec. 1 until further notice.
   CMA CGM also announced new FAK rates from the West Mediterranean, Black Sea and Adriatic to ports in Asia, the Gulf, Red Sea and India effective Dec. 1 until further notice.
   In addition, CMA CGM issued a general rate increase from Asia to Panama, the Caribbean and Cuba on the PEX2 service effective Dec. 1. Rates will increase by $1,050 per TEU; and $1,500 per FEU and 40-foot high cube container.
   Hapag-Lloyd issued a general rate increase from East Asia to the East Coast of South America for all cargo and container types effective Dec. 1. Rates will increase by $750 per TEU.
   Hapag-Lloyd also announced a general rate increase from East Asia to the U.S. and Canada for all dry, reefer, flat rack and open top containers effective Dec. 15. Rates will increase by $1,080 per 20-foot standard container; and $1,200 per 40-foot standard container, 40-foot high cube container and 45-foot container.
   Hamburg Süd issued a general rate increase from the U.S. West, Gulf and East Coasts to Australia and New Zealand for all cargo effective Jan. 16. Rates will increase by $200 per 20-foot equipment and $400 per 40-foot equipment.
   MOL said it will implement a rate restoration program from Korea, Taiwan, China and Hong Kong to Australia effective Jan. 1. Rates will increase by $500 per TEU and $1,000 per FEU for both dry and refrigerated cargo in the base of ocean freight.