Crazy! Shipping Department issued a price increase notice in April!
Sunny Worldwide LogisticsIt is a logistics company with more than 20 years of transportation experience, focusing on markets such as Europe, America, Canada, Australia, Southeast Asia, etc., and is more than the owner of the cargo owner.
Maersk recently issued a notice: It will increase the FAK rate from the Far East to the Mediterranean from March 31, 2025.
Many industry giants raise freight rates
Judah Levine, director of research at Freightos, wrote in an analysis report that accompanied the shift in freight rates:
"Seasonal decline in demand, coupled with the possibility of early loading, may be the reason for the recent sharp decline in transPacific freight rates."
Last week, the price on the West Coast of the United States was already below ,000/FEU and the price on the East Coast of the United States was already below ,000/FEU, which is comparable to the post-lunar New Year low set in April last year.
Asia-Nordic freight rose 1% to ,973 per FEU, and Asia-Mediterranean freight rose 1% to ,177 per FEU.
In order to stabilize freight rates, the shipping company has announced many price increases for service on multiple routes!
For example: Maersk announced that it would increase the FAK rate from the Far East to the Mediterranean from March 3, 2025.
HMM will be effective from GRIs around the world - the United States, Canada and Mexico, effective March 1, 2025; Dafei will start from March 1, 2025 (loading date) to further notice, with new FAK rates applicable from the Far East to the Mediterranean and North Africa.
Based on an announcement recently, Mas announced that in order to continue to provide customers with a wide range of high-quality service portfolios, the FAK rate for the Far East to the Mediterranean route will be raised from March 31, 2025.
Among them, the maximum rate for the 20-foot TEU will be adjusted to ,040, while the maximum rate for the 40-foot TEU will be ,300.
Previously,Maersk said it will increase the FAK rate from the Far East to the Mediterranean from March 3, 2025.
On March 7, a notice was issued to adjust the collection of peak season surcharges (PSS) from China, Hong Kong to Kenya, with the effective date of March 17, 2025.
Entering late March, the arrival of the long-term contract signing season brings a turning point for the market. If the US tariff policy becomes clear, it will drive freight rates to stabilize or even rebound.
It is expected that before the price increase officially enters the verification stage in April,The Jiyun spot market will still face fierce long-short games, and the market trend may show a volatile and strong trend in the short term.
Changes in the geopolitical situation have also had a profound impact on the shipping market. If the situation in the Red Sea worsens again, it will cause ships to circumnavigate the Cape of Good Hope in Africa, thereby pushing up fuel costs and reducing the supply of effective capacity.
This situation will continue to support the bottom of the European freight rate and delay the market bottoming pace.Freight fluctuations on secondary routes from Asia to South America may also be further intensified.
In the short term, the supply and demand pattern of the collective transportation market is still relatively loose, and shipping companies are facing great pressure in the process of collecting goods, which has a negative impact on the freight trend.
From a medium-term perspective, there is an expectation of seasonal improvement in the second quarter. As for whether this expectation can effectively support the stable increase in freight rates, many factors still need to be referred to, such as changes in cargo volume on European routes and data such as transmission loading rates.
Faced with such a complex and changeable market environment,Pay close attention to market trends, timely adjust corporate response strategies to deal with potential risks.
