Hapag-Lloyd pushes up prices in Latin America

The German line has already implemented since 9 August a general rate increase (GRI) of US$500 per container from China, Hong Kong, Japan, Macau, Mongolia, South Korea, Taiwan, East Russia, Indonesia, Cambodia, Laos, Myanmar, Thailand, Vietnam, Malaysia, Philippines, Singapore and Brunei to the ports in Brazil, Argentina, Paraguay and Uruguay.

The GRI is applicable to all cargoes and all container types, according to the company's announcement.

Furthermore, the Hamburg-based carrier will introduce a new GRI with effect as of 1 September (date of cargo receipt at origin) for all cargo between the Port of Vancouver in Canada to Latin America.

Hapag-Lloyd noted the GRI will be US$350 per 20' container and US$450 per 40' container.

Source: Container News