News / Hapag-Lloyd leads a rates fightback with FAK hike on Asia-N Europe

02/10/2023

Hapag-Lloyd is taking the lead in a rate restoration fightback for Asia-Europe services with a huge FAK tariff hike on cargo transported on or after 1 November.

The German carrier advised shippers today it would raise its 40ft FAK rate to North Europe to $1,750 and to the West Mediterranean to $1,950.

It is probably no coincidence that Hapag-Lloyd has decided to significantly raise its rates during the quiet Golden Week holiday, when spot indices would be expected to be flat.

Both its ...