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Due to the continuous unsustainable rate situation on the Trans-Atlantic Trade, Hapag-Lloyd will implement a rate restoration program in effect October 1, 2014.
Rates for all cargoes and all container types in the North Europe to North America (Canada and USA all coasts) trade will be increased by the following amounts:
- USD/20’ - 240
- USD/40’ – 320
Rates for all cargoes and all container types in the Mediterranean to North America (Canada and USA all coasts) trade will be increased by the following amounts:
- USD/20’ – 150
- USD/40’ – 250
OOCL also announced GRI increase October 1st, 2014 due to vessels still being fully booked weeks in advance:
- USD/20’- 250, USD/40’- 350
Several carriers have announced, but not confirmed GRI for the Far East. The dates and amounts vary by carrier.
- October 2 – 80/100/100
- October 8 – 480/600/625
- October 15 – 480/600/625
We have been advised by CIFFA of the following:
Congestion at key Asian ports is the worst it has been over the last 20 years and the situation looks set to continue, according to two executives from one intra-Asia carrier. The executives said that schedule reliability was becoming increasingly difficult to maintain because of the congestion, which began around March. They named Manila as the worst-performing port but said that Hong Kong, Shanghai, Qingdao, Incheon and Cat Lai in Ho Chi Minh City were also badly affected. Hong Kong congestion is causing particular issues for carriers, they said. They remarked that the problem appeared to be partly caused by the complicated nature of vessel-sharing agreements, with cargo for several carriers being carried on a single ship that then needs to transfer to each of the carriers' feeder, barge and intermodal service providers. This has greatly increased the number of inter-terminal transfers. Adding that the congestion is increasing costs because vessels were having to wait for days outside terminals.
It is difficult for short-haul carriers to speed up services to make up the lost time because the shorter transit times allowed for less flexibility than longer-haul services. It also creates a snowball effect where you still have the containers in the port waiting collection and by omitting ports you just worsen the situation in the transhipment ports. They said the problem could get worse, as the typhoon season has yet to get under way and intra-Asia volumes are growing by around 6%-7% per year. (Excerpted from Lloyds Loading List)