China Shipping Container Lines to hike charges from January 1
China Shipping Container Lines plans to hike shipping charges from January 1 next year, reports China Business News, citing a company filing, CapitalVue reports.
Charges for routes between Asia and the E.U. and the Mediterranean will be raised by $225 per TEU, while that for routes between Asia and the western and eastern seaboards of the U.S. will be upped by $400 per FEU.
The company will raise charges for the route between Asia and Central America by $560 per FEU, while that for routes between Asia and the Middle East will be increased by $150 per FEU.
The container shipping market had been weak for the past few months and many enterprises were incurring losses, according to the report.
With the Spring Festival approaching, almost all the routes are facing a surge in the shipping volume, and some companies had even shipped their cargo for February in advance, said a company insider.
The average utilization rates for European routes recently hit 90 percent, while that for routes to the eastern and western coast of the U.S. hit 95 percent and 85 percent, respectively.
Last Friday, the New Shanghai Containerized Freight Index (SCFI) rose 0.4 percent from the previous week.
Charges for routes between Asia and the E.U. and the Mediterranean will be raised by $225 per TEU, while that for routes between Asia and the western and eastern seaboards of the U.S. will be upped by $400 per FEU.
The company will raise charges for the route between Asia and Central America by $560 per FEU, while that for routes between Asia and the Middle East will be increased by $150 per FEU.
The container shipping market had been weak for the past few months and many enterprises were incurring losses, according to the report.
With the Spring Festival approaching, almost all the routes are facing a surge in the shipping volume, and some companies had even shipped their cargo for February in advance, said a company insider.
The average utilization rates for European routes recently hit 90 percent, while that for routes to the eastern and western coast of the U.S. hit 95 percent and 85 percent, respectively.
Last Friday, the New Shanghai Containerized Freight Index (SCFI) rose 0.4 percent from the previous week.