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Recently, several mainstream shipping companies, including Herbert, MSC, CMA CGM, HMM, Wanhai, etc., have issued notices announcing that from April 1 to May 1 this year, GRI and FAK rates will be increased and related surcharges will be levied. Ocean freight rates will experience varying degrees of increase!
Herbert raised FAK rates from Far East to Europe
The Herbert official website recently announced that starting from April 1, 2024, the FAK rates between the Far East, Nordic and Mediterranean regions will be increased, involving 20 foot and 40 foot dry container transportation, including high containers and refrigerated containers. This rate adjustment comprehensively considers the cost of Marine Fuel Recovery (MFR) and is subject to relevant tariff rules and surcharges.
Herbert Upregulates GRI from Asia to Latin America
Hapag Lloyd announced on March 28th that it will implement a new comprehensive rate increase (GRI) for 20 foot and 40 foot dry container cargo from Asia to the West Coast of Latin America, Mexico, the Caribbean, Central America, and the East Coast of Latin America, as well as for 40 foot high containers and 40 foot dry freezers.
The GRI will take effect for all destinations on April 8th and for Puerto Rico and the Virgin Islands on April 28th, until further notice.
The details of Herbert’s price increase are as follows:
20 dry boxes: $1000
40 dry boxes: $1000
40 high cabinet: $1000
40 freezers: $1000
Dafei adjusts FAK rates from Asia to Nordic Europe
Starting from April 1st, DaFei adjusted the FAK rates from Asia to Nordic countries to $2100 per 20 foot container, and $3800 per 40 foot container including high containers and refrigerated containers.
Dafei adjusts FAK rates from Asia to the Mediterranean and North Africa
At the same time, starting from April 1st (loading date), the FAK rates from Asia to the Western Mediterranean, Adriatic Sea, Eastern Mediterranean, Black Sea, and North Africa (Algeria, Tunisia, Libya, Morocco) will be adjusted until further notice. The details are as follows:
MSC increases freight rates from the Nordic, Mediterranean, and Black Seas to the Far East and Middle East Gulf
The official website of MSC announced the latest freight rates for all new bookings from northern Europe (including Britain and the Baltic coast), the Mediterranean region (including the Western Mediterranean, the Adriatic, the Eastern Mediterranean, Greece and Türkiye), and all ports of the Black Sea to the Far East and the Middle East Gulf, which will take effect from April 8 until further notice. The specific adjustments are as follows:
HMM Upregulates GRI from Asia to North America and Mexico
On March 29th, HMM announced on its official website that a new GRI will be implemented for all services originating from the United States, Canada, and Mexico starting from May 1st, 2024. The specific fees are as follows.
Wanhai raised the freight rate by $100 per large box
On March 29th, Wanhai Airlines issued a notice stating that due to the continuous increase in operating costs, freight rates for cargo exported from the entire China region to the Asian region (near ocean segment) have been adjusted. Starting from the 15th week, small containers have increased by $50 and large containers have increased by $100. The official announcement and detailed arrangements are as follows:
The above content is sourced from the Zhejiang International Trade Promotion and is comprehensively compiled from the Shipping Network. As a logistics integration service provider in the industrial supply chain, our company can transport goods to the world. If you need import and export customs declaration, inspection, international sea freight booking, international logistics and other services, please contact our company for consultation and quotation.