Recently, Maersk, Duffy, Hapag-Lloyd, HMM and Wanhai and many other shipping companies announced a new round of price increases for some routes in March.
Includes Europe, the United States, the Mediterranean, Africa, the Middle East, India, Pakistan, and near-oceanic routes.
Maersk (company name)
On February 13, Maersk made an announcement that effective March 3, 2025, it will adjust its freight rates from the Far East to Northern Europe and the Mediterranean.
The adjustment is aimed at continuing to provide a high quality service portfolio and announced an increase in FAK rates from the Far East to Northern Europe and the Mediterranean of up to USD 6,200 per 40-foot container.
Duffy (name)
On February 14, Duffy announced that effective March 1, 2025, it will increase FAK rates from the Far East to the Mediterranean and North Africa by up to $6,900 per 40-foot container, effective until further notice.
The new FAK rates apply as follows:
Hapag-Lloyd (name)
Hapag-Lloyd has announced that effective March 1, 2025, it will increase Far East to Europe FAK rates and levy a GRI of $300/TEU for containerized cargoes from Asia/Oceania to Africa, the Middle East and the Indian Subcontinent, and from Asia to Oceania, effective until further notice.
Hapag-Lloyd has issued a notice announcing that effective March 1, 2025, it will increase ocean freight rates for all types of freight (FAK) between the Far East and Europe.
The adjustment covers the transportation of 20-foot and 40-foot (including 40-foot high containers) dry and reefer containers, and the rates include Marine Fuel Recovery (MFR) and Peak Season Surcharge (PSS).
The increase is in the General Rate Increase (GRI) surcharge for the transportation of 20-foot and 40-foot dry (and reefer) containers (including 40-foot high-bay containers) from Asia and Oceania to the Middle East and the Indian Subcontinent.
This GRI applies to all containers loaded on ships from March 1, 2025 and will remain in effect until further notice.
Specific details of the increase are set out below:
An increase in the General Rate Increase (GRI) surcharge for shipments from Asia and Oceania to Africa will apply to shipments using 20-foot and 40-foot dry containers, reefer containers, and specialty containers (including 40-foot tall containers).This GRI will be effective March 1, 2025 and will remain in effect until further notice.
Specific details of the upward adjustment are set out below:
The increase is in the General Rate Increase (GRI) surcharge for cargoes transported in 20-foot and 40-foot dry (and reefer) containers (including 40-foot high-bay containers) from Asia to Oceania.This GRI is applicable to all containers loaded from March 1, 2025 and will remain in effect until further notice.
Details of the increase are as follows:
HMM
HMM issued a bulletin announcing upward GRI adjustments to the U.S., Canada, and Mexico, effective March 1, 2025
The rates are listed below:
Wan Hai Shipping
Recently, Wanhai issued a notice stating that due to the recent port congestion and rising operating costs, it is now implementing a tariff increase for cargoes exported from China to Asia (near-ocean sector):
Source: Maritime Transportation Network, Outbound Shipping
