The new freights apply from December 1st, 2023 (loading date) until further notice, and are as follows:
| 20’GP | 40’GP/40’HC/40’REEFER | |
|---|---|---|
| Asia to North Europe | USD 1,000 | USD 1,800 |
Other major ocean carriers are set to implement substantial FAK rate increases on key east-west trade routes in November and December, according to a recent report from Transport Intelligence.
DHL’s November market update highlights estimated costs, potentially reaching $9 to $10 billion, while Hapag-Lloyd’s recent Asia-North Europe FAK rates of $1,800 per 40ft, starting November 1, along with strategic capacity management, are impacting the ocean freight market. Despite this, Asia-North Europe container spot indices have remained unchanged in November, hovering just below $1,000 per 40ft, notes Ti.
Hapag-Lloyd also faced a decrease in earnings during the first nine months of 2023, primarily driven by a decline in freight rates in the third quarter, as revealed by the company’s latest financial report.
Photo: Hummelhummel, CC BY-SA 3.0, via Wikimedia Commons