Hapag-Lloyd, a major German shipping line, has implemented rate increases for cargo shipments across several routes. These adjustments will impact shipments from South America’s East Coast to North America, Mexico, Central America, and the Caribbean. Additionally, the company announced separate rate hikes for cargo moving from the Indian Subcontinent and Arabian Gulf to South Europe and North Africa.
The rate increase for shipments originating from South America’s East Coast is set at USD 500 per container, applicable to both dry and reefer containers. This adjustment takes effect from August 1, 2024.
For cargo originating from the Indian Subcontinent and Arabian Gulf, Hapag-Lloyd is implementing differentiated rate increases. Shipments destined for South Europe and North Africa will see an increase starting mid-July 2024 and lasting until the month’s end. There’s also a separate announcement for cargo moving from the Indian Subcontinent to North Europe, with a rate increase applicable to sailings starting on July 15, 2024, and valid until July 31, 2024. Specific details on the quantum of these increases are not available in the cited source.
Source: Container News