News / Return to double-digit spot rate gains looms with new FAK hikes and surcharges

Photo: APM Terminals

As expected after last week’s surge in spot rate levels, this week saw more modest gains thanks to a week’s absence of new surcharges and FAK price hikes.

Next week could see a return to double-digit gains however, as a 1 July implementation of new price levels is expected.

For example, MSC has announced FAK rates on Asia-North Europe of $9,800 per 40ft high-cube and $9,000 to West Mediterranean destinations, for Monday.

According to Andy Cliff, director at Straightforward Consultancy, UK shippers and ...