Affected by multiple factors such as rising demand, the Red Sea situation, and port congestion, sea freight prices have continued to rise since June.
Maersk, CMA-CGM, Hapag-Lloyd and other leading shipping companies have successively issued the latest notices of peak season surcharges and price increases, covering the US route, Europe, Africa, the Middle East, and even some shipping companies have issued freight adjustment notices starting from July 1st
CMA-CGM Shipping Announces
Levy US peak season surcharge
CMA-CGM’s official website has announced that from July 1, 2024 (loading date), a Peak Season Surcharge (PSS) will be levied from Asia to the United States, valid until further notice. The details are as follows:
FROM: Asia (including China, Taiwan, China, Hong Kong and Macao, Southeast Asia, South Korea and Japan)
TO: United States
Types of goods: dry containers, refrigerated containers, OOG containers, and miscellaneous containers
Fee standard:
$2160 per 20 foot container (all box types)
$2400 per 40 foot container/40HC high container/40 foot refrigerated container
$3040 per 45 foot container (all box types)
$3840 per 53 foot container (all box types)
The official website of CMA announced that the peak season surcharges from Asia (including China, Taiwan, China, Hong Kong and Macao Special Administrative Regions of China, Southeast Asia, South Korea and Japan) to Puerto Rico and the U.S. Virgin Islands would be levied from July 3, 2024 (the date of loading), with the amount of $2000 per container for all goods until further notice.
Levy West African peak season surcharge
CMA’s official website has announced that the Peak Season Surcharge (PSS) from China to West Africa will be adjusted starting from June 7, 2024 (loading date), and will remain valid until further notice. The specific charging standards are as follows:
From: China
TO: North West Africa (Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea Bissau, Cape Verde, Sao Tome and Principe) and South West Africa (Angola, Congo, Democratic Republic of the Congo, Namibia, Gabon, Cameroon)
Type of goods: Dry box
Fee standard: $500
Maersk announces
Levy peak season surcharges on multiple air routes
Maersk will implement Peak Season Surcharge (PSS) on dry cargo and refrigerated containers departing from East China ports and heading to West Hanouk from June 6, 2024. The collection standards are as follows:
The collection standards are as follows:
Maersk will impose peak season surcharges on A2S and N2S trade routes from China to Australia, Papua New Guinea, and Solomon Islands starting from June 12, 2024. The specific charging standards are as follows:
Maersk will increase the PSS of peak season surcharges from China, Hong Kong and Taiwan, China to the United Arab Emirates, Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar and Saudi Arabia, which will take effect on June 15, 2024. The collection standards are as follows:
Maersk will impose a Peak Season Surcharge (PSS) on dry cargo containers and refrigerated containers departing from South China ports to Bangladesh starting from June 15, 2024. The fee will be $700 for 20 foot dry containers and refrigerated containers, $700 for 40 foot dry containers and refrigerated containers, and $1400 for 45 foot HQ1400. The details are as follows:
Maersk will adjust the Peak Season Surcharge (PSS) for all types of containers from Far East Asia to India, Pakistan, Sri Lanka, and Maldives starting from June 17, 2024. The specific charging standards are as follows:
COSCO Shipping Announces
Increase Far East to North American FAK rates
COSCO Shipping announced that from June 15th to June 30th, it will increase the Far East to North America FAK rate to a maximum of $9200. The details are as follows:
Hapag-Lloyd announced
Levy peak season surcharge PSS from Asia to South Africa
Hapag-Lloyd announced that the peak season surcharge PSS from Asia and Oceania to South Africa will take effect from June 6, 2024. Levy standard: $1000 per TEU. The details are as follows:
Improve PSS from Far East to Nordic and Mediterranean regions
Herbert announced an increase in peak season surcharges (PSS) from the Far East (including Oceania) to Northern Europe and the Mediterranean. This surcharge applies to all voyages starting from June 15, 2024 and is valid until further notice. Levy standard: $1000 per TEU. The details are as follows:
Currently, even if willing to pay higher shipping fees, it may not be possible to book a cabin in a timely manner, which further exacerbates the tense situation in the freight market. “Some shippers are not shipping anymore because the freight rates are too high to afford, so they choose to wait and see,” said a person in charge of a freight forwarding company.
Recently, freight rates have been fluctuating, and it is expected that they will continue to rise but not fall in the short term. Shippers and freight forwarders who need to ship should closely monitor the shipping company’s notifications, communicate with customers in a timely manner, and make good shipping plans.
Post time: Jun-07-2024