Shipping companies collectively announced the March freight increase notice, these routes are going to rise
The latest release of the Shanghai Container export Freight Index (SCFI) shows that the index fell significantly from the previous week by 137.83 points to 1758.82 points, a drop of 7.26 per cent. The fall affected the main four routes, almost resulting in a decline in freight rates on all routes.
Maersk announced that from March 3, 2025, it will adjust FAK rates from the Far East to Northern Europe and the Mediterranean region.
Shipping company Hapag-Lloyd has also raised rates on a number of routes, including the Far East to Europe and Asia/Oceania to Africa, with effect from March 1, 2025. These adjustments cover not only 20 - and 40-foot dry and refrigerated containers, but also various tall containers. For more details, please check out Sungreen Logistics' published articles:The shipping company issued a notice of freight rate increase, which will be implemented from March 1!
CMA CGM Marine
CMA CGM Marine has announced that, effective March 1, 2025, FAK rates from the Far East to the Mediterranean and North Africa will be increased to a maximum of $6,900 per 40-foot container until further notice.
Hanshin Marine HMM announced the increase to the GRI in the United States, Canada and Mexico, also effective March 1, 2025.
Wanhai issued a notice that due to the recent port congestion, the operating costs continue to rise, and the freight rate is now adjusted for the cargo exported from China to Asia (near the ocean section), the increase is USD 100/200/200 for 20'/40'/40'HQ.
MSC announces new freight rates from all Far East ports (including but not limited to ports in Japan, Korea and Southeast Asia) to Mediterranean ports (including Western Mediterranean, Eastern Mediterranean, Adriatic Sea and North Africa) and Black Sea ports, effective from 1 March 2025 until further notice, but not beyond 15 March 2025.
Maersk announced that from March 3, 2025, it will adjust FAK rates from the Far East to Northern Europe and the Mediterranean region.
Shipping company Hapag-Lloyd has also raised rates on a number of routes, including the Far East to Europe and Asia/Oceania to Africa, with effect from March 1, 2025. These adjustments cover not only 20 - and 40-foot dry and refrigerated containers, but also various tall containers. For more details, please check out Sungreen Logistics' published articles:The shipping company issued a notice of freight rate increase, which will be implemented from March 1!
CMA CGM Marine
CMA CGM Marine has announced that, effective March 1, 2025, FAK rates from the Far East to the Mediterranean and North Africa will be increased to a maximum of $6,900 per 40-foot container until further notice.
Hanshin Marine HMM announced the increase to the GRI in the United States, Canada and Mexico, also effective March 1, 2025.
Wanhai issued a notice that due to the recent port congestion, the operating costs continue to rise, and the freight rate is now adjusted for the cargo exported from China to Asia (near the ocean section), the increase is USD 100/200/200 for 20'/40'/40'HQ.
MSC announces new freight rates from all Far East ports (including but not limited to ports in Japan, Korea and Southeast Asia) to Mediterranean ports (including Western Mediterranean, Eastern Mediterranean, Adriatic Sea and North Africa) and Black Sea ports, effective from 1 March 2025 until further notice, but not beyond 15 March 2025.
