German carrier Hapag-Lloyd has announced pricing adjustments on shipments to North America effective July 15. They encompass a new General Rate Increase (GRI), revised ocean tariff rates and higher Booking Cancellation Fees (BCF).
Revised its ocean tariff rates for cargo moving from North Europe to North America and Mexico apply to dry, reefer, high-cube and special containers and increase base freight rates by USD 175 per container across the affected trade lanes. Examples of the revised tariffs include Hamburg–New York, Bremerhaven–Houston, London Gateway–Los Angeles, and Rotterdam–Montreal.
For shipments from the Indian Subcontinent, Pakistan and the Middle East to the United States and Canada, the carrier will implement a General Rate Increase applicable to 20-foot and 40-foot dry, reefer, special and high-cube containers.
Under a revised GRI, cargo moving to the US East Coast, Gulf Coast and Canada, will be subject to an increase of USD 1,500 per container. Shipments to the US West Coast will incur a surcharge of USD 2,100 per container.
In addition, the carrier has announced an increase to its Booking Cancellation Fee – to be set at EUR 500 per container – for exports from North Europe to Canada, the United States and Mexico. Hapag-Lloyd says the fee seeks to address the growing number of late booking cancellations and “no-show” shipments.
(Hapag Lloyd vessel photo)