May 12, 2021
Maersk predicts that the supply chain bottlenecks and shortage of containers due to the surge in demand will continue until the fourth quarter of 2021, and then return to normal; Xie Huiquan, general manager of Evergreen Shipping, also said earlier that congestion is expected to be delayed to the third quarter. But the alleviation of congestion does not mean that freight rates will drop.
According to the analysis of Drewry, a well-known British maritime consulting agency, the industry is currently at the peak of an unprecedented business upcycle. Drewry expects that freight rates will fall by 2022, but due to "favorable supply and demand growth trends and skilled capacity management," shipping companies will try to maintain high profits.
Seaspan, the world's largest independent container ship owner, said that the hot market in the shipping market may continue until 2023-2024. Beginning last year, Seaspan has booked 37 ships madly, and these new ships are expected to be delivered in the second half of 2023 to the middle of 2024.
The major shipping companies have recently issued a new round of price increase notices.
Hapag-Lloyd raised the GRI from June 1st, up to a maximum of US$1,200
Hapag-Lloyd announced that starting from June 1 (origin and receipt date), it will increase the comprehensive rate increase surcharge (GRI) for eastbound routes from East Asia to the United States and Canada. This fee applies to all types of containers such as dry containers, reefer containers, storage tanks, and open top containers.
The charging standard is: all 20-foot containers are charged US$960 per box; all 40-foot containers are charged US$1200 per box.
East Asia includes Japan, South Korea, Mainland China, Taiwan, Hong Kong, Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, the Philippines, and the Pacific Rim of Russia.
Hapag-Lloyd raises GRI on routes from India, the Middle East to the U.S., and Canada
Hapag-Lloyd has increased the GRI for routes from India, the Middle East to the United States, and Canada to a maximum of $600 since May 15.
Covered areas include: India, Bangladesh, Pakistan, Sri Lanka, UAE, Qatar, Bahrain, Oman, Kuwait, Saudi Arabia,
Jordan and Iraq.
Please see the figure below for details of the increase.
Hapag-Lloyd raises tariffs on routes from Turkey, Greece to North America and Mexico
Hapag-Lloyd has increased the freight rates of the routes from Turkey, Greece to North America, and Mexico from June 1st, with an increase of 500-1,000 US dollars. Please see the figure below for the specific increase range.
Hapag-Lloyd imposes peak season surcharge on Turkey-Nordic routes
Hapag-Lloyd has imposed a peak season surcharge (PSS) on the Turkey-Northern Europe route from May 15. Please see the figure below for specific increase.
CMA CGM raises GRI for Asia-North America route, up to US$1600
CMA CGM will increase the GRI for routes from Asian ports to the United States and Canada from June 1st, up to a maximum of $1,600/container. Please see the chart below for the specific increase.
MSC raises GRI and fuel surcharges for Asia-U.S. routes
MSC has raised the GRI and fuel surcharges for the Asia-US route starting on June 1. Please see the figure below for the rate of increase.
Wanhai Shipping raises freight rates for exports from China to Asia
From May 22, the freight rate of Wanhai Shipping's export from China to Asia will be increased: USD 300/600/600 for 20'/40'/HQ due to rising operating costs.
Dear customers, just place the order, don’t wait, the “crazy” shipping market will not be able to get rid of the fever in the short term.
|Contact Person :||Ms. Tina Lau|