Recently, Maersk, MSC, Hapag-Lloyd, CMA CGM and many other shipping companies have successively raised the FAK rates of some routes. It is expected that from the end of July to the beginning of August, the price of the global shipping market will also show an upward trend.
Maersk announced on July 17 that in order to continue to provide customers with a wide range of high-quality services, it announced an increase in the FAK rate to the Mediterranean Sea.
Maersk said that from July 31, 2023, the FAK rate from major Asian ports to Mediterranean ports will be raised, 20-foot container (DC) will be raised to 1850-2750 US dollars, 40-foot container and 40-foot high container (DC/HC) will be raised to 2300-3600 US dollars, and will be valid until further notice, but will not exceed December 31.
Details as follows:
Major ports in Asia - Barcelona, Spain 1850$/TEU 2300$/FEU
Major ports in Asia - Ambali, Istanbul, Turkey 2050$/TEU 2500$/FEU
Major ports in Asia - Koper, Slovenia 2000$/TEU 2400$/FEU
Major ports in Asia - Haifa, Israel 2050$/TEU 2500$/FEU
Main ports in Asia - Casablanca, Morocco 2750$/TEU 3600$/FEU
Previously, on July 3, Maersk issued a freight rate announcement stating that the FAK rates from major Asian ports to the three Nordic hub ports of Rotterdam, Felixstowe and Gdansk will be raised to $1,025 per 20 feet and $1,900 per 40 feet on July 31. In terms of freight rates in the spot market, the increases are as high as 30% and 50% respectively, which is the first increase for the European line this year.
On July 4, Maersk announced that it will adjust the FAK rate from Northeast Asia to Australia from July 31, 2023, raising the 20-foot container to $300, and the 40-foot container and 40-foot high container to $600.
On July 4, Marseille-based CMA CGM announced that starting from August 1, 2023, the FAK rate from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Nordic ports (including the UK and the entire route from Portugal to Finland/Estonia) will be raised to $1,075 per 20-foot dry container and $1,950 per 40-foot dry container/refrigerated container.
For cargo owners and freight forwarders, effective measures need to be taken to deal with the challenge of rising ocean freight rates. On the one hand, transportation costs can be reduced by optimizing the supply chain and organization of goods. On the other hand, can also cooperate with shipping companies to seek better cooperation models and price negotiations to reduce transportation pressure.
Senghor Logistics is committed to being a long-term logistics partner. It is our goal to help people streamline processes and save costs.
Original Source: https://www.senghorshipping.com/news/freight-rate-increase-maersk-cma-cgm-and-many-other-shipping-companies-adjust-fak-rates/
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