News / Asia-Europe carriers prepare for battle over market share with FAK rate cuts

Asia-Europe ocean carriers are preparing for a market share battle by lowering their FAK rates from 1 April, and the new Japanese merged entity, Ocean Network Express’s (ONE’s) shippers are on their radar.

This week, CMA CGM published new FAK rates from Asia to North Europe of $900 per 20ft and $1,700 per 40ft for 1 April.

The French carrier’s FAK rates for March are $1,050 per 20ft and $2,000 per 40ft.

Rival carrier Hapag-Lloyd’s new FAK rates on the same tradelane from 1 April are ...