Hapag-Lloyd pushes up prices in Latin America

Hapag-Lloyd has announced new rates from East Asia and Canada to destinations 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


Related News

Georgia Ports receives green light for new rail hub in Gainesville
Georgia Ports receives green light for new rail hub in Gainesville

Georgia Ports Authority (GPA) executive director Griff Lynch confirmed that GPA’s Network Georgia plans to develop rail hubs around the state is gaining momentum, with federal environmental approval for an inland terminal near Gainesville.

Box lines continue to reap record profits, HMM reports US$4.6 billion earnings in 2022 H1
Box lines continue to reap record profits, HMM reports US$4.6 billion earnings in 2022 H1

Container carriers continue to achieve record financial results in the post-Covid era with HMM announcing outstanding revenue and profits this time.

India to link 27 additional ports through rail network
India to link 27 additional ports through rail network

India has now planned to connect 27 more ports through rail connection for faster transportation of cargoes. In this regard, Indian Railways will lay around 3,000 kilometers of train lines at a cost of US$13 billion.


main.add_cart_success