According to reports, recently, leading shipping companies such as Maersk, CMA CGM, and Hapag-Lloyd have issued price increase letters. On some routes, the increase has been close to 70%. For a 40-foot container, the freight rate has increased by up to US$2,000.
CMA CGM increases FAK rates from Asia to Northern Europe
CMA CGM announced on its official website that the new FAK rate will be implemented from May 1, 2024 (shipping date) until further notice. USD 2,200 per 20-foot dry container, USD 4,000 per 40-foot dry container/high container/refrigerated container.
Maersk raises FAK rates from Far East to Northern Europe
Maersk issued an announcement announcing that it will increase FAK rates from the Far East to the Mediterranean and Northern Europe starting from April 29, 2024.
MSC adjusts FAK rates from Far East to Northern Europe
MSC Shipping Company announced that starting from May 1, 2024, but no later than May 14, FAK rates from all Asian ports (including Japan, South Korea and Southeast Asia) to Northern Europe will be adjusted.
Hapag-Lloyd raises FAK rates
Hapag-Lloyd announced that on May 1, 2024, the FAK rate for shipping between the Far East and Northern Europe and the Mediterranean will increase. The price increase applies to the transportation of 20-foot and 40-foot containers (including high containers and refrigerated containers) of goods.
It is worth noting that in addition to rising shipping prices, air freight and rail freight have also experienced a surge. In terms of rail freight, the China Railway Group recently announced that in the first quarter of this year, a total of 4,541 China-Europe Railway Express trains were sending 493,000 TEUs of goods, a year-on-year increase of 9% and 10% respectively. As of the end of March 2024, China-Europe Railway Express freight trains have operated more than 87,000 trains, reaching 222 cities in 25 European countries.
In addition, cargo owners please note that due to the recent continuous thunderstorms and frequent rainfall in the Guangzhou-Shenzhen area, road flooding, traffic jams, etc. are prone to affect operating efficiency. It also coincides with the May Day International Labor Day holiday, and there are more shipments, making sea freight and air freight spaces full.
In view of the above situation, it will be more difficult to pick up the goods and deliver them to the warehouse, and the driver will incur waiting fees. Senghor Logistics will also remind customers and provide real-time feedback on every step in the logistics process to let customers understand the current situation. Regarding shipping costs, we also provide feedback to customers immediately after shipping companies update shipping costs every half month, allowing them to make shipping plans in advance.
(Looking from Senghor Logistics Warehouse to Yantian Port, comparison before and after the rain)
Post time: Apr-28-2024
