Hapag-Lloyd Announces More Rate Increases

May 22 2020

Hapag-Lloyd increases rates for a range of European, North American and Asian trades

Hapag-Lloyd has announced that as of 18 May 2020 (Gate in date), it is introducing a general rate increase (GRI) for all cargo loading from Mundra to Arabian Gulf, Jeddah and Aden as follows:

Mundra to Arabian Gulf
US$100 per 20’ Standard Container

Mundra to Jeddah
US$250 per 20’ Standard Container

Mundra to Aden
US$150 per 20’ Standard Container

Hapag-Lloyd has also published an increased ocean tariff rate for all cargoes in 20’ and 40’ (including high cube) standard containers on the east bound trade from Mediterranean and Black Sea to East Asia, effective from 1 June 2020.

With effect from 15 June 2020, the German carrier will also increase rates for all dry and refrigerated commodities from the US and Canada to Arabian Gulf, Red Sea and Indian Subcontinent destinations as follows:

  • US$240 increase per All 20′ container types
  • US$300 increase per All 40′ container types

Arabian Gulf defined as: United Arab Emirates, Kuwait, Bahrain, Iraq, Oman, Qatar, and the Saudi Arabia destinations of Dammam, Riyadh, and Jubail.

Red Sea defined as: Jordan and the Saudi Arabia destinations of Jeddah

Indian Subcontinent defined as: India, Pakistan, Bangladesh and Sri Lanka.

Source: Container News

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