Freight Increase
Affected by multiple factors such as rising demand, the situation in the Red Sea, and port congestion, shipping prices have continued to rise since June.
Maersk, CMA CGM, Hapag-Lloyd and other leading shipping companies have successively issued the latest notices of levying peak season surcharges and price increases, involving the US, Europe, Africa, the Middle East, etc. Some shipping companies have even issued notices of freight rate adjustments starting from July 1.
CMA CGM
(1).CMA CGM’s official website released an announcement, announcing that starting from July 1, 2024 (loading date), a Peak Season Surcharge (PSS) from Asia to the United States will be levied and will be valid until further notice.
(2).CMA CGM’s official website announced that from July 3, 2024 (loading date), a peak season surcharge of US$2,000 per container will be imposed from Asia (including China, Taiwan, China, Hong Kong and Macao Special Administrative Regions, Southeast Asia, South Korea and Japan) to Puerto Rico and the U.S. Virgin Islands for all goods until further notice.
(3).CMA CGM’s official website announced that starting from June 7, 2024 (loading date), the Peak Season Surcharge (PSS) from China to West Africa will be adjusted and will be valid until further notice.
Maersk
(1).Maersk will implement a Peak Season Surcharge (PSS) for dry cargo and refrigerated containers departing from East China ports and shipped to Sihanoukville from June 6, 2024
(2).Maersk will increase the peak season surcharge (PSS) from China, Hong Kong, China, and Taiwan to Angola, Cameroon, Congo, Democratic Republic of Congo, Equatorial Guinea, Gabon, Namibia, Central African Republic, and Chad. It will take effect from June 10, 2024, and from June 23, China to Taiwan.
(3).Maersk will impose peak season surcharges on A2S and N2S trade routes from China to Australia, Papua New Guinea and Solomon Islands from June 12, 2024
(4).Maersk will increase the peak season surcharge PSS from China, Hong Kong, Taiwan, etc. to the United Arab Emirates, Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, effective June 15, 2024. Taiwan will take effect on June 28
(5).Maersk will impose a Peak Season Surcharge (PSS) on dry and refrigerated containers departing from South China ports to Bangladesh from June 15, 2024, with a 20-foot dry and refrigerated container charge of US$700, and a 40-foot dry and refrigerated container charge of US$1,400.
(6).Maersk will adjust the Peak Season Surcharge (PSS) for all container types from Far East Asia to India, Pakistan, Sri Lanka and Maldives from June 17, 2024
Currently, even if you are willing to pay higher freight rates, you may not be able to book space in time, which further exacerbates the tension in the freight market.
Post time: Jun-18-2024