German ocean carrier Hapag-Lloyd plans to implement general rate increases on cargo shipped from North America to the Indian Subcontinent, East Asia and the Middle East, effective July 1. Additional increases are planned for cargo headed from Canadian West Coast ports to Latin American Pacific ports.
Box rates from the United States and Canada to the Indian Subcontinent and the Middle East increase by $220 per twenty-foot-equivalent unit and $275 per forty-foot-equivalent unit for dry cargo, and $380 per TEU and $475 per FEU for poultry, beef and pork in reefers.
The Middle East comprises Bahrain, Iran, Iraq, Jordan, Kuwait, Oman, Qatar, the Red Sea Ports of Egypt and Saudi Arabia, Sudan, United Arab Emirates, and Yemen.
Rates on boxes headed from Canada to East Asia will increase $160 per TEU and $200 per FEU for dry cargo, and $200 per TEU and $400 per TEU for poultry, beef and pork in reefers leaving Vancouver or Halifax. Rates for poultry, beef and pork in reefers from inland points, Montreal, Toronto, or Winnipeg will increase $300 per TEU and $500 per FEU.
Poultry, beef and pork reefer rates for boxes from the United States to East Asia will increase $240 per TEU and $400 per FEU for U.S. West Coast ports and $400 per TEU and $500 per FEU for U.S. East Coast ports.
East Asia comprises Brunei, Cambodia, China (PRC), Hong Kong, Indonesia, Japan, Republic of Korea, Laos, Macao, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand, Vietnam, and the Russian Pacific Ports of Vladivostok and Vostochny.
Box rates from the United States and Canada to the Indian Subcontinent will also increase $240 per TEU and $300 per FEU for dry cargo, and $400 per TEU and $500 per FEU for poultry, beef and pork in reefers.
The Indian Subcontinent comprises Bangladesh, India, Pakistan, and Sri Lanka.
On July 1, Hapag-Loyd also plans to implement general rate increases on cargo from Canadian West Coast ports to Central and South American Pacific ports, including ports in Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, and Peru.
Box rates under the GRI will increase $150 per TEU and $300 per FEU. Agricultural products, including pulses, beans and lentils are excluded.
