Recently, major shipping companies have announced adjustments to the freight rates for the Asia Europe route.
On October 14th, MSC, the world's largest shipping company, announced the launch of a new Diamond Grade (DT) tariff for exports from Asia to Europe.
The new rates will be effective from November 1, 2024, but not exceed November 14, 2024, and will be denominated in US dollars from all Asian ports (including Japan, South Korea, and Southeast Asia) to Northern Europe, unless otherwise specified.
Specifically, as follows:
MSC also announced the implementation of new FAK rates for Asia to Mediterranean routes.
The new rates will take effect from November 1, 2024, but not exceed November 14, and will be denominated in US dollars from all Asian ports (including Japan, South Korea, and Southeast Asia) to Europe, unless otherwise specified.
Specifically, as follows:
Prior to this, Maersk and Hapag Lloyd also announced that they would gradually increase freight rates for Asian routes.
Maersk recently announced that it will increase the Far East to Northern Europe and Mediterranean route freight rates (FAK), effective from November 4th.
Far East to Northern Europe route:
The charging standards from Far East to Rotterdam, Netherlands are: 2925 USD/TEU, 4500 USD/FEU
The charging standards from Far East to Gdansk, Poland are: 3000 USD/TEU, 4600 USD/FEU
The charging standards for travel from the Far East to Felixstowe, UK are $2925/TEU and $4500/FEU
The charging standards from Far East to Aarhus, Denmark are: 3000 USD/TEU, 4600 USD/FEU
The charging standards from Far East to Gothenburg, Sweden are: 3000 USD/TEU, 4600 USD/FEU
The charging standards from Far East to Oslo, Norway are $3200/TEU and $4900/FEU
Far East to Mediterranean route:
The charging standards from Far East to Barcelona, Spain are: 3150 USD/TEU, 4500 USD/FEU
Fareast to Istanbul, Türkiye: 3220 USD/TEU.4600/FEU
The charging standards from Far East to Kopel, Slovenia are: 3150 USD/TEU, 4500 USD/FEU
The charging standards from Far East to Haifa, Israel are: 3150 USD/TEU, 4500 USD/FEU
The charging standards from Far East to Casablanca, Morocco are: 3990 USD/TEU, 5700 USD/FEU
In addition, another shipping giant, Dafei, recently announced a Freight Recovery Initiative (RRI), which will take effect on November 1st.
This adjustment applies to areas ranging from Canada to the Indian subcontinent, the Middle East Gulf, the Red Sea, mainland China, Hong Kong, Macau, as well as Northeast and Southeast Asia.
The details are as follows:
Origin: Halifax, Canada Destination: China, Hong Kong, Macau, Northeast Asia, and Southeast Asia
Goods: Dry goods (not applicable to open top boxes, flatbed boxes, and tank containers) for collectionFee standard: $100 per 20 feet, $200 per 40 feet
Recently, various shipping companies have made significant adjustments to freight rates. We remind all shippers and freight forwarders to pay attention to the latest adjustments and obtain the latest freight rate information in a timely manner.
Source: SouHang Network
