Hapag-Lloyd to hike rates on Far East westbound trade

In a continued effort to provide you with a high level of service and uninterrupted services and equipment supply Hapag-Lloyd announces an increased FAK (Freight All Kinds) rate for all cargoes for standard container types for  Far East WB - East Asia to North Europe & Mediterranean trade, the shipping company said in a press release.

Valid from August 1, 2016 Hapag-Lloyd’s FAK rate subject to applicable surcharges will be:

USD 1150 per 20' Container
USD 2200 per 40' Container
USD 2250 per 40' High Cube Container
This new rate level is a further step to bring the rates back to sustainable levels and will be applicable from all base ports in Asia to all North Europe and Mediterranean base ports. Out ports will be subject to the prevailing transport additional in Europe and in Asia.

North Europe comprises North West Continent, the U.K., Scandinavia, Baltic and European ports of Russia.

Mediterranean comprises the West Mediterranean, East Mediterranean, Black Sea and North Africa.

East Asia comprises Republic of Korea, Taiwan, Hong Kong, China (PRC), Macao, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei and Russian Pacific Ports of Vladivostok and Vostochny.