Rising freight rates? Maersk, CMA and many other shipping companies adjust FAK rates!
Rising freight rates? Maersk, CMA and many other shipping companies adjust FAK rates!
NO.1 Maersk increases FAK rates from Asia to the Mediterranean
Maersk announced on July 17 that in order to continue to provide customers with a wide range of high-quality services, it announced an increase in FAK rates to the Mediterranean.
Maersk said it will increase FAK rates from major Asian ports to Mediterranean ports from July 31, 2023, to $1,850 - $2,750 for 20-foot containers (DC) and $2,300 - $3,600 for 40-foot and 40-foot high containers (DC/HC), valid until further notice, but not beyond December 31.
On July 3, Maersk announced that FAK rates from major Asian ports to the three Nordic hubs of Rotterdam, Felixstowe and Gdansk would increase to $1,025 per 20 feet and $1,900 per 40 feet on July 31. According to the spot market freight rate conversion, the increase is as high as 30% and 50%, which is also the first time that the European line has risen this year.
NO.3 Maersk adjusts FAK rates from Northeast Asia to Australia
On July 4, Maersk also announced that from July 31, 2023, the FAK rate from Northeast Asia to Australia will be adjusted to $300 for 20-foot cabinets and $600 for 40-foot cabinets and 40-foot tall cabinets.
NO.4 CMA CGM: Adjustment of FAK rates from Asia to Northern Europe
On July 4, Marseilla-based CMA CGM announced an increase in FAK rates from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including the United Kingdom and the entire route from Portugal to Finland/Estonia) to $1,075 per 20-foot dry container, effective August 1, 2023. $1,950 per 40-foot dry/cooler.
NO.5 MSC: Adjustment of FAK rates for Indo-Pakistan-European ports
MSC has announced the latest rates from India and Pakistan to the Belgian port of Antwerp and the Spanish port of Valencia, which will be effective from 7 August until further notice, but not beyond 31 August 2023.
NO.6 Hapag-Lloyd: Increase the rate of India, Pakistan and Bangladesh - North and South Europe
Hapag-lloyd has announced higher rates from Pakistan, India and Bangladesh to Northern and Southern Europe.
The updated rates will apply to 20' and 40' dry cargo containers, including high cubic equipment, and will be effective from August 6, 2023 until further notice.
For shippers and freight forwarders, effective measures need to be taken to cope with the challenge of rising sea freight rates. On the one hand, transportation costs can be reduced by optimizing the supply chain and the organization of goods. On the other hand, we can also cooperate with shipping companies to seek better cooperation models and price negotiations to reduce transportation pressure.
