News / MSC joins new Asia-Europe GRI bid as contract talks loom

© Sheila Fitzgerald

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 ...