Shipping lines announce January Asia-Europe price increases

16 January 2014

HANJIN Shipping, Zim, CMA CGM, and Maersk Line have all announced price increases on services from Asia to Europe to come into force in January. Hanjin said that from January 15 it would apply a rate restoration of $500 per teu on services from the Far East and Southeast Asia to North Europe and the Mediterranean.

Zim announced a general rate restoration of $450 per teu on services from the Far East, excluding India, to North Europe and the Mediterranean from January 8.

CMA CGM said that from January 6 it would apply a peak-season surcharge of $300 per teu on services from all Asian ports to North Europe.

Finally, Maersk Line will introduce a peak-season surcharge of $250 per teu on services from Asia to North Europe and the Mediterranean “due to strong seasonal demand” and “high pressure” on its network.

Hapag-Lloyd and OOCL have also announced price increases on the trade lane of $500 per teu and $450 per teu respectively due to come into force in January.

Hapag-Lloyd’s increase comes in the shape of a general rate increase, while OOCL will implement a peak-season surcharge.

Article supplied by Future Forwarding

First published: Lloyd's List 3 January 2014