European major lines push up Asia rates
CMA CGM has announced an increase in its rates from Asia to Red Sea Ports, Pakistan, India West Coast, India East Coast and Sri Lanka, effective from September.
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In addition, Hapag-Lloyd will implement the following general rate increase (GRI) on the eastbound trade from East Asia to all US and Canadian destinations as of 1 October (date of cargo receipt at origin).
This GRI will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:
East Asia to North America (US and Canada)
- US$960 for all 20′ container types
- US$1200 for all 40′ container types
East Asia is defined as being the countries/districts of Japan, Republic of Korea, China/Taiwan, China/Hong Kong, China (PRC), China/Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia, Republic of the Philippines and Russian Pacific Coast Provinces
