Effective from 1 January 2024, Hapag-Lloyd has announced adjustments to its Ocean Charges for Freight All Kinds (FAK) on the Far East to North Europe and Mediterranean trade lanes.
The revised rates apply to cargo shipped in 20′ and 40′ dry, including high cube, and refrigerated containers.
The new rates from Far East to North Europe and Mediterranean are inclusive of Marine Fuel Recovery (MFR) and are subject to Hapag-Lloyd’s tariff conditions and applicable surcharges. The rates, categorised by destination and container type, are detailed below:
Far East Westbound to Destination | 20′ Dry | 40′ Dry | 40′ HC | 20′ RF | 40′ RF |
North Europe | USD 1,600 | USD 3,000 | USD 3,000 | USD 1,600 | USD 3,000 |
West Mediterranean | USD 2,400 | USD 3,200 | USD 3,200 | USD 2,400 | USD 3,200 |
Adriatic | USD 2,425 | USD 3,250 | USD 3,250 | USD 2,425 | USD 3,250 |
East Mediterranean, Black Sea, Türkiye & Egypt | USD 2,900 | USD 3,600 | USD 3,600 | USD 2,900 | USD 3,600 |
North Africa | USD 3,075 | USD 4,100 | USD 4,100 | – | – |
Source: Hapag-Lloyd
At the same time, CMA CGM has also announced its updated Freight All Kinds (FAK) rates for the Asia to North Europe trades.
Effective from 1 January 2024, the rates cover various container types and are applicable for base port to base port trades.
The rates include basic freight and bunker related surcharges, subject to additional charges such as Terminal Handling Charges (THC), Peak Season Charges and Security and Safety-related surcharges.
CMA CGM’s new rates for 20’GP and 40’GP/40’HC/40’REEFER containers are as follows:
Asia to North Europe | 20’GP | 40’GP/40’HC/40’REEFER |
Rates | USD 1,600 | USD 3,000 |
Source: CMA CGM
These rates will apply from all Asian ports to all Northern European ports, including the UK and the full range from Portugal to Finland/Estonia. Coverage extends to various types of cargo including dry, out-of-gauge (OOG), paying empties and reefer.
This means that at $3000 for the 40′ containers, the two lines will almost double their November 2023 rates, which were $1800.
What’s more, both CMA CGM and Hapag-Lloyd are introducing an Emission Trading System (ETS) surcharge on bookings originating in EU ports.
These surcharges will be adjusted quarterly based on changes in the market value of carbon allowances.
Here are some estimations of surcharges per TEU (Twenty-foot Equivalent Unit) for specific trade routes, based on the current market value of carbon allowances (approximately EUR 90 per ton of CO2)
CMA CGM:
Asia to North Europe: Dry | EUR 25, Reefer | EUR 40 |
Europe to North America: Dry | EUR 43, Reefer | EUR 65 |
Intra Mediterranean: Dry | EUR 25, Reefer | EUR 40 |
Hapag-Lloyd:
East Asia – North Europe: Dry | EUR 12, Reefer | EUR 31 |
East Asia – South Europe: Dry | EUR 7, Reefer | EUR 16 |
Europe – West Africa: Dry | EUR 17, Reefer | EUR 29 |
At the time of writing, Maersk has not yet published a similar FAK price increase on its website.