GRI Roundup: CMA CGM, Hapag-Lloyd, MOL, OOCL and Hamburg Sud

Ocean carriers CMA CGM, Hapag-Lloyd, MOL, OOCL and Hamburg Sud issued general rate increases on several trade routes.

   Ocean carriers CMA CGM, Hapag-Lloyd, MOL, OOCL and Hamburg Sud issued general rate increases. 
   CMA CGM will increase rates from:
     • All Asian ports (including Japan, Southeast Asia and Bangladesh) to Jeddah, Ain Sokhna, Aqaba, Djibouti, Port Sudan and Aden for all cargo effective Jan. 7. Rates will increase by $300 per TEU.
     • The United Arab Emirates, Mundra and Nhava Sheva to Zanzibar for all cargo effective Jan. 15. Rates will increase by $100 per TEU.
     • Pakistan to Zanzibar for all cargo effective Jan. 15. Rates will increase by $200 per TEU.
     • Asia (including Japan, Southeast Asia and Bangladesh) to Mozambique and Tamatave, Madagascar for all cargo on the Mozex service effective Jan. 15. Rates will increase by $150 per TEU.
     • India, the Middle East Gulf and Pakistan to West Africa for all cargo on the Midas service effective Feb. 1. Rates will increase by $500 per TEU.
   In addition, the French carrier’s general rate increase from all Asian ports to all Middle East Gulf ports initially announced for Jan. 7 of $150 per TEU for all cargo will be applied from Jan. 1 and will instead be $500 per TEU.
   Hapag-Lloyd will increase rates from:
     • Canada and the United States to East Asia, the Indian Subcontinent and the Middle East for all dry commodities effective Feb. 1. From the West Coast ports, rates will increase by $80 per TEU and $100 per forty-foot container (FEU); and from the East Coast ports, rates will increase by $160 per TEU and $200 per FEU.
     • East Asia to the Caribbean, the East Coast of Central America and Panama for all cargo and container types effective Jan. 15. Rates will increase by $420 per TEU and $600 per FEU.
     • East Asia to Mexico, the West Coast of Central America and the West Coast of South America for all cargo and container types effective Jan. 15. Rates will increase by $750 per TEU and $1,500 per FEU.
     • The United States to Australia and New Zealand for all container types effective Feb. 1. From the East Coast and Gulf Coast ports, rates will increase by $100 per TEU and $150 per FEU; and from the West Coast ports, rates will increase by $175 per TEU and $350 per FEU.
     • North China and South China to the Arabian Gulf for all cargo and container types effective Jan. 1. Rates will increase by $500 per TEU.
     • East Asia (excluding Japan) to all North Europe and Mediterranean destinations for all cargo and container types effective Jan. 1. Rates will increase by $1,200 per TEU and $2,400 per FEU.
   MOL will increase rates from:
     • Malaysia to Mexico and the West Coast of South America for all cargo effective Jan. 15. Rates will increase by $700 per 20-foot general purpose container (GP), $1,400 per 40-foot GP and $1,400 per 40-foot high cube container (dry and reefer).
     • Asia (excluding Malaysia and India) to Mexico and the West Coast of South America for all cargo effective Jan. 15. Rates will increase by $750 per 20-foot GP, $1,500 per 40-foot GP and $1,500 per 40-foot high cube container (dry and reefer).
     • Asia (including the Indian Subcontinent) to the East Coast of South America for all cargo. Effective Jan. 1, rates will increase by $350 per TEU dry, $700 per FEU dry and $700 per FEU RAD (NOR) containers. Effective Jan. 15., rates will increase by $750 per TEU dry, $1,500 per FEU dry and $1,500 per FEU RAD (NOR) containers.
   OOCL will increase rates from Singapore, Thailand, Indonesia, the Philippines, Vietnam, Cambodia, Myanmar, Pakistan, Sri Lanka and Bangladesh to Australia for dry and refrigerated cargo effective Jan. 20. Rates will increase by $150 per TEU and $300 per FEU.
   Hamburg Sud will increase rates from the United States West Coast to Australia and New Zealand for all cargo effective Feb. 1. Rates will increase by $175 per TEU and $350 per FEU.
   The German carrier will also increase rates from the United States East Coast and United States Gulf Coast to Australia and New Zealand for all cargo effective Feb. 1. Rates will increase by $100 per TEU and $200 per FEU.