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Hapag-Lloyd increases rates worldwide

Hapag-Lloyd announced that a General Rate Increase (GRI) will be implemented for all cargo in dry and reefer containers from the South America East Coast to North America, Mexico, Central America, and the Caribbean starting 1 August 2024.

This increase will be US$500 per container and will remain in effect until further notice.

Furthermore, the German box line announced additional ocean tariff rates for shipments from the Indian Subcontinent and Arabian Gulf to South Europe and North Africa.

This rate increase will apply to sailings commencing on or after 15 July 2024 and will remain in effect until 31 July 2024.

The details of this increase are as follows:

Per 20 ‘Dry Containers (USD)

From*To*Current base rate levelNew base rate levelDelta
Jebel Ali, EAWest Mediterranean & North Africa3,0073,507500
Jebel Ali, EAEast Mediterranean & Black Sea3,0073,507500
Karachi, PKWest Mediterranean & North Africa2,8523,352500
Karachi, PKEast Mediterranean & Black Sea2,8523,352500
Mundra / Nhava Sheva (IN)West Mediterranean & North Africa2,8523,352500
Mundra / Nhava Sheva (IN)East Mediterranean & Black Sea2,8523,352500
Kattupalli, INSouth Europe & North Africa2,5023,002500
Colombo, LKSouth Europe & North Africa2,5023,002500
Chittagong, BDSouth Europe & North Africa2,7023,202500

Per 40′ Dry Container (USD)

From*To*Current base rate levelNew base rate levelDelta
Jebel Ali, EAWest Mediterranean & North Africa2,0142,514500
Jebel Ali, EAEast Mediterranean & Black Sea2,0142,514500
Karachi, PKWest Mediterranean & North Africa2,0042,504500
Karachi, PKEast Mediterranean & Black Sea2,1542,654500
Mundra / Nhava Sheva (IN)West Mediterranean & North Africa2,0042,504500
Mundra / Nhava Sheva (IN)East Mediterranean & Black Sea2,1542,654500
Kattupalli, INSouth Europe & North Africa1,8042,304500
Colombo, LKSouth Europe & North Africa1,8042,304500
Chittagong, BDSouth Europe & North Africa2,2042,704500

Per 20′ Reefer (USD)

From*To*Current base rate levelNew base rate levelDelta
Mundra / Nhava Sheva (IN)West Mediterranean & North Africa2,2392,739500
Mundra / Nhava Sheva (IN)East Mediterranean & Black Sea2,5993,099500
Kattupalli, INSouth Europe & North Africa3,1743,674500
Colombo, LKSouth Europe & North Africa3,0283,528500
Chittagong, BDSouth Europe & North Africa3,1283,628500

Per 40′ Reefer (USD)

From*To*Current base rate levelNew base rate levelDelta
Mundra / Nhava Sheva (IN)West Mediterranean & North Africa1,3381,838500
Mundra / Nhava Sheva (IN)East Mediterranean & Black Sea2,0082,508500
kattupalli, INSouth Europe & North Africa2,5983,098500
Colombo, INSouth Europe & North Africa2,6563,156500
Chittagong, BDSouth Europe & North Africa2,7563,256500

Hapag-Lloyd has added the coverage of each geographical scope in Europe, East and West Mediterranean, as well as North Africa:

  • West Mediterranean & North Africa: Spain, Portugal, Italy, Algeria, Morocco, Malta, Tunisia
  • East Mediterranean: Albania, Bulgaria, Croatia, Georgia, Greece, Israel, Montenegro, Libya, Romania, Cyprus, Slovenia, Lebanon, Turkey, Ukraine, Egypt
  • South Europe & North Africa: Spain, Portugal, Italy, Algeria, Morocco, Malta, Tunisia, Albania, Bulgaria, Croatia, Georgia, Greece, Israel, Montenegro, Libya, Romania, Cyprus, Slovenia, Lebanon, Turkey, Ukraine, Egypt

Moreover, Hapag-Lloyd announced updated ocean tariff rates for shipments from the Indian Subcontinent to North Europe. This increase applies to sailings beginning on 15 July 2024 and will remain in effect until 31 July 2024.

The details of this increase are as follows:

Per 20′ Dry Container (USD):

From*To*Current base rate levelNew base rate levelDelta
Karachi, PKNorth Europe2,9873,487500
Mundra / Nhava Sheva (IN)North Europe2,9873,487500
Kattupalli, INNorth Europe2,6873,187500
Colombo, LKNorth Europe2,7373,237500
Chittagong, BDNorth Europe2,2872,787500

Per 40′ Dry Container (USD)

From*To*Current base rate levelNew base rate levelDelta
Karachi, PKNorth Europe1,7742,274500
Mundra / Nhava Sheva (IN)North Europe1,7742,274500
Kattupalli, INNorth Europe1,7242,224500
Colombo, LKNorth Europe1,7742,274500
Chittagong, BDNorth Europe2,1242,624500

Per 20′ Reefer Container (USD)

From*To*Current base rate levelNew base rate levelDelta
Mundra / Nhava Sheva (IN)North Europe1,5702,070500
Kattupalli, INNorth Europe2,5653,065500
Colombo, LKNorth Europe2,3652,865500
Chittagong, BDNorth Europe3,3653,865500

Per 40′ Reefer Container (USD)

From*To*Current base rate levelNew base rate levelDelta
Mundra / Nhava Sheva (IN)North Europe1,0701,570500
Kattupalli, INNorth Europe8801,380500
Colombo, LKNorth Europe1,2801,780500
Chittagong, BDNorth Europe2,5303,030500

Hapag-Lloyd has added the coverage of each geographical scope in Europe, East and West Mediterranean, as well as North Africa:

  • North Europe: Germany, Netherlands, United Kingdom, Belgium, France, Poland, Denmark, Sweden, Ireland, Norway, Finland, Lithuania, Czech Republic, Hungary, Latvia, Austria, Switzerland, Slovakia, Estonia, Iceland, Luxembourg

Source: Container News

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