News / More blank sailings as Hapag-Lloyd sets new Asia-N Europe freight rate record

THE Alliance plans to blank a quarter of its Asia-North Europe sailings in the first week of December, coinciding with lead line Hapag-Lloyd’s plans to hike its rates on the route by 70%.

The carrier advised customers yesterday that its FAK rate from Asia to North Europe from 1 December – excluding the UK – would increase by an eye-watering $2,000, to $4,890 per 40ft high-cubed (H/C).

For the UK, Hapag-Lloyd’s FAK rate will be $5,390,  and for west Mediterranean ports the same ...