Rate Restoration – Far East Westbound
East Asia to North Europe and Mediterranean
May 17, 2016
The volatility on the Asia to Europe trade lanes have resulted in the container freight rates reaching unsustainable levels. To avoid service disruptions in the supply chain or services being withdrawn Hapag-Lloyd has to increase rates. In a continued effort to provide you with a high level of service, uninterrupted services and equipment supply Hapag-Lloyd announces an increased FAK (Freight All Kinds) rate for all cargoes for standard container types on the Far East westbound trade.
Valid from June 1, 2016 Hapag-Lloyd’s FAK rate subject to applicable surcharges will be:
USD 1075 per 20′ Container
USD 2050 per 40′ Container
USD 2100 per 40′ High Cube Container
This new rate level is a further step to bring the rates back to sustainable levels and will be applicable from all base ports in Asia to all North Europe and Mediterranean base ports. Out ports will be subject to the prevailing transport additional in Europe and in Asia.
North Europe comprises North West Continent, the U.K., Scandinavia, Baltic and European ports of Russia.
Mediterranean comprises the West Mediterranean, East Mediterranean, Black Sea and North Africa.
East Asia comprises Japan, Republic of Korea, Taiwan, Hong Kong, China (PRC), Macao, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei and Russian Pacific Ports of Vladivostok and Vostochny.
For further information please contact your local Hapag-Lloyd office.