Effective from March 1st! Involving multiple countries and shipping companies

Recently, many companies, including Maersk, Hapag-Lloyd, and CMA CGM, have issued announcements about upcoming business adjustments on March 1.

Maersk adjusts peak season surcharge

From March 1 to March 31, 2024, Maersk will adjust the peak season surcharge (PSS) rates on some routes to ensure the continued provision of global services.

The peak season surcharge changes as follows:

Surcharge Code-PSS

In addition, according to Maersk’s official website, new demurrage and detention rates in North America will also take effect on March 1, 2024.

Starting from March 1, 2024, shipping companies will make some important updates to demurrage and detention prices for cargo shipped to/from the United States, Canada and Mexico worldwide.

For Canada and Mexico, import and export rates will increase by $20 for all grades and equipment types.

For the United States, a $20 increase in rates for all classes and equipment types applies only to import demurrage and import and export demurrage. Free time levels remain unchanged.

Hapag-Lloyd freight rate adjustment involves multiple countries!

Recently, German shipping company Hapag-Lloyd (HPL) announced a new general rate increase (GRI)/general rate adjustment (GRI) for routes from India and Pakistan to the United States (East Coast, West Coast and Gulf Coast) and the West Coast of Canada. GRA).

Hapag-Lloyd will increase freight charges by $1,000 per container for 20-foot and 40-foot dry cargo, refrigerated and specialty containers, including high-cube equipment.

According to Hapag-Lloyd’s announcement, this GRI/GRA adjustment will apply to all containers under full control starting from March 1, 2024, and will remain in effect until further notice.

In addition, according to news from Hapag-Lloyd’s official website on February 2, Hapag-Lloyd will provide 20-foot and 40-foot dry cargo, refrigerated and special containers (including high cubic equipment) from Asia to Latin America, Mexico, the Caribbean and Central America. Freight charges (GRI) are adjusted.

The specific adjustments are as follows: 20-foot dry cargo container is US$500; 40-foot dry cargo container is US$800; 40-foot high cube container is US$800; 40-foot non-operational refrigerated container is US$800.

These rules are applicable from March 1, 2024 until further notice. The specific geographical scope is as follows.

From Asia (excluding Japan) covers the following countries: China, Macau, South Korea, Thailand, Singapore, Vietnam, Cambodia, Philippines, Indonesia, Myanmar, Malaysia, Laos, Brunei.

Latin America, Mexico, Caribbean, and Central America include the following countries: Mexico, Ecuador, Colombia, Peru, Chile, El Salvador, Nicaragua, Costa Rica, Dominican Republic, Jamaica, Honduras, Guatemala, Panama, Venezuela, Brazil, Argentina, Paraguay, Uruguay .

CMA CGM Red Sea’s new moves

CMA CGM recently announced adjustments to its PSS from Europe to India, the Middle East and the Red Sea.

From March 1, CMA CGM will fly from Northern Europe, Scandinavia, Poland, the Baltic Sea, the Mediterranean, the Adriatic Sea, the Black Sea and North Africa to Navasheva, Mundra and Harz in India. For dry boxes in Lagang, PSS is charged USD 200/box.

PSS is charged USD 200/box for dry boxes from Northern Europe, Scandinavia, Poland and the Baltics to the Middle East, Djibouti and Yemen.

For dry boxes from the Mediterranean, Adriatic Sea, Black Sea and North Africa to the Middle East, Djibouti and Yemen, PSS is charged at USD 300/box.

It is worth noting that the European Council announced on February 19 that it would launch a escort operation in the Red Sea and the Gulf called "Shield" with the goal of "restoring and maintaining freedom of navigation in the Red Sea and the Gulf."

The EU said the operation will be carried out in the main sea lines of communication in the Bab el-Mandeb Strait and the Strait of Hormuz, as well as in the international waters of the Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman and Persian Gulf, and is tentatively scheduled to last for one year.

This also means that the EU believes that the Red Sea crisis will be difficult to alleviate in the short term.

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