Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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By Mike Wackett
Asia-North Europe ocean carriers are preparing big increases in FAK rates next month, after squeezing capacity on the route with blanked sailings and a suspended loop.
Maersk has advised its customers that from 1 November, its FAK rates from Shanghai to North European ports would rise to $1,100 per 20ft and $2,000 per 40ft.
CMA CGM intends to hike its Asia to North Europe rates to $1,000 per 20ft and $1,900 per 40ft on the same date.
Most of the other carriers also ...
Comment on this article
Jon
October 18, 2019 at 2:08 pmSeriously,
They are offer rates as low as 800 a hc on the spot market, it’s supposed to be peak season.
How can you increase the rate by over 100% on contracts .
Dream on maersk and other lines.
We have shares in maersk and what the line puts out and what you get are two different things.
Got to keep the share holders happy . False reporting