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 ...
© Sheila Fitzgerald
By Mike Wackett
MSC has joined rivals CMA CGM and Hapag-Lloyd in announcing a substantial FAK (freight all kinds) general rate increase (GRI) from Asia to North Europe for 1 December.
It remains to be seen whether MSC’s 2M Alliance partner, Maersk, will throw its weight behind the FAK hikes with its own increase.
The Geneva-headquartered carrier advised customers it would increase FAK rates on the transpacific route to $962 per 20ft and $1,750 per 40ft, which is in line, both in quantum and start ...
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