According to reports in today’s Lloyds List OOCL, Hanjin and Hapag-Lloyd, amid claims that operating costs are not covered, are planning March 1 rises on eastbound Asia-Europe services.
OOCL will increase sea freight export rates on services from north Europe, Scandinavia, Russia, the UK and Ireland to Asia by USD 200 per 20 ft container and USD 300 per 40 ft box on March 1.
Hanjin Shipping has announced a similar rate increase on services from north Europe and the Mediterranean, while Hapag-Lloyd is seeking an increase of USD 150 per 20 ft and USD 250 for a 40ft box.
The German carrier also announced a westbound increase of USD 525 per teu.
According to the World Container Index, rates on services from Rotterdam to Shanghai stand at USD 376 per teu, having declined since mid-October when they reached USD 446 per teu.
The eastbound rate increase follows a successful start to the year for carriers in the westbound direction as freight rates have stayed above the USD 1,500 per teu mark on services for both north Europe and the Mediterranean.
This compares with a third-quarter average of USD 1,119 per teu.
Source: Lloyds List