APL, the container shipping line of Singapore-based Neptune Orient Lines, will impose a general rate increase (GRI) effective June on its South America network service.
From June 1, rates on the Asia/Australia/East Africa/Middle East/West Asia-Chile/Colombia, Ecuador/Peru trade lanes will rise by US$500 per 40-foot reefer and 40-foot dry container.
Similarly, Cosco Container Lines of China will bolster prices on the Far East-South America East Coast trade. The rate hikes of $500 per 20-foot container and $1,000 per 40-foot container and 40-foot high-cube container will start June 14.
Meanwhile, Mediterranean Shipping Co. (MSC) plans to lift rates for all dry cargo on the East Mediterranean-Asia, West Mediterranean-Asia, and North Europe/Baltic Sea/Scandinavia-Asia trade slings by $100 per container. The rate increase will take effect June 1.
MSC’s rates for all shipments on the Far East-West Africa trade route will also rise by $250 per TEU (20-foot-equivalent unit) beginning June 1.
In addition, the Geneva-based carrier will adjust rates for all shipments on its Asia-New Zealand loop from July 1. The new rate will be $200 more per TEU.
Germany’s Hapag-Lloyd, meanwhile, will also boost prices for all cargoes and container types from East Asia (excluding Japan) to the Arabian Gulf. The new rate will be $300 higher per TEU with effect from June 1. The Arabian Gulf is defined as the ports in the United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Qatar, and Saudi Arabia (Dammam and Riyadh via Dammam).
