MAJOR container lines have announced planned rate increases on east-west trades slated to take effect in November and December with CMA CGM taking the lead to increase rates on its trade from Asia to the Mediterranean and North Europe by US$750 per TEU, beginning November 1.
Thats good for all Dockers around Europe for the annual pay negotiations, no more threats that the shipping lines are suffering in the current climate.
Ocean carriers plan rate hikes on east-west trades starting next month
MAJOR container lines have announced planned rate increases on east-west trades slated to take effect in November and December with CMA CGM taking the lead to increase rates on its trade from Asia to the Mediterranean and North Europe by US$750 per TEU, beginning November 1.
Mediterranean Shipping Co (MSC) plans to increase rates in its westbound trade from India to Europe starting November 4. In the opposite direction, CMA CGM plans to implement a rate increase for shipments from the Mediterranean to Asia by $100 per container, effective November 1.
The container line will also try to boost rates for shipments from North Europe, Scandinavia, the UK and the Baltic to the Red Sea and Persian Gulf, starting November 16 by $150 per TEU and $250 per FEU.
MSC hopes to hike rates on cargo from the east Mediterranean and Black Sea to the Middle East, Asia and East Africa, effective November 4. The increase will be $200 per TEU and $300 per FEU.
The carrier also intends to boost rates on eastbound cargo from Europe to the Indian subcontinent by $200 per TEU and $300 FEU starting December 15, according to media reports.
Starting November 1, four carriers intend to increase rates. Emirates Shipping Line will attempt to hike rates on its westbound trade from the Far East and Southeast Asia to the Middle East by $500 per TEU and $1,000 per FEU.
CMA CGM intends to boost rates on its trade from Asia, excluding Japan, to the Middle East, by $500 per TEU. Similarly, Hapag-Lloyd plans to raise rates on containers from East Asia, excluding Japan, to the Persian Gulf by $500 per TEU; and Cosco Container Lines also hopes to hike rates by $500 per TEU on its trade from the Far East to the Red Sea and Persian Gulf.
Hyundai Merchant Marine (HMM) will seek to implement rate increases for specific commodities - waste paper, metal scrap, plastic scrap and resin, lumber and logs, hay and agricultural products - from the US and Canada to Asia, starting November 15.
HMM's announcement occurs in the context of recommendations for rate increases in the transpacific trade lane by TSA westbound members, in preparation for the upcoming peak season. Maersk Line has also planned US to Asia rate hikes for mid-November.
Furthermore, Hapag-Lloyd hopes to hike rates for shipments from North America to East Asia, the Indian subcontinent and the Middle East by $160 per TEU and $200 per TEU, beginning November 15. On the same date, in the opposite direction, the container line also intends to boost rates on its trans-Pacific eastbound trade from East Asia to the US and Canada, by $320 per TEU, $400 per FEU, $450 per 40-foot high-cube container and $506 per 45-foot container.
Johnson & Johnson names Kuehne + Nagel to run Shanghai warehouse
SWISS forwarding giant Kuehne + Nagel has won a contract to provide Johnson & Johnson Medical China with temperature-controlled warehouse facility, covering 20,000 square metres near Shanghai's Pudong International Airport.
Kuehne + Nagel has established a dedicated warehouse to "provide services in line with the standards for handling medical device and healthcare products", said a company statement.
The 20,000-square metre handling area features warehouse management systems and temperature-controlled areas, which allow the storage of products at temperatures ranging from 15 to 25 degrees Celsius, two to 8 degrees Celsius and from -22 to -18 degrees Celsius.
"The agreement underlines Kuehne + Nagel's expertise in developing and offering tailor-made service for the medical device and healthcare sector in China," said North Asia Pacific president Jen Drewes.
"We are very pleased to have been selected to provide industry-specific solutions for Johnson & Johnson Medical China," he said.
Mediterranean Shipping Co (MSC) plans to increase rates in its westbound trade from India to Europe starting November 4. In the opposite direction, CMA CGM plans to implement a rate increase for shipments from the Mediterranean to Asia by $100 per container, effective November 1.
The container line will also try to boost rates for shipments from North Europe, Scandinavia, the UK and the Baltic to the Red Sea and Persian Gulf, starting November 16 by $150 per TEU and $250 per FEU.
MSC hopes to hike rates on cargo from the east Mediterranean and Black Sea to the Middle East, Asia and East Africa, effective November 4. The increase will be $200 per TEU and $300 per FEU.
The carrier also intends to boost rates on eastbound cargo from Europe to the Indian subcontinent by $200 per TEU and $300 FEU starting December 15, according to media reports.
Starting November 1, four carriers intend to increase rates. Emirates Shipping Line will attempt to hike rates on its westbound trade from the Far East and Southeast Asia to the Middle East by $500 per TEU and $1,000 per FEU.
CMA CGM intends to boost rates on its trade from Asia, excluding Japan, to the Middle East, by $500 per TEU. Similarly, Hapag-Lloyd plans to raise rates on containers from East Asia, excluding Japan, to the Persian Gulf by $500 per TEU; and Cosco Container Lines also hopes to hike rates by $500 per TEU on its trade from the Far East to the Red Sea and Persian Gulf.
Hyundai Merchant Marine (HMM) will seek to implement rate increases for specific commodities - waste paper, metal scrap, plastic scrap and resin, lumber and logs, hay and agricultural products - from the US and Canada to Asia, starting November 15.
HMM's announcement occurs in the context of recommendations for rate increases in the transpacific trade lane by TSA westbound members, in preparation for the upcoming peak season. Maersk Line has also planned US to Asia rate hikes for mid-November.
Furthermore, Hapag-Lloyd hopes to hike rates for shipments from North America to East Asia, the Indian subcontinent and the Middle East by $160 per TEU and $200 per TEU, beginning November 15. On the same date, in the opposite direction, the container line also intends to boost rates on its trans-Pacific eastbound trade from East Asia to the US and Canada, by $320 per TEU, $400 per FEU, $450 per 40-foot high-cube container and $506 per 45-foot container.
Johnson & Johnson names Kuehne + Nagel to run Shanghai warehouse
SWISS forwarding giant Kuehne + Nagel has won a contract to provide Johnson & Johnson Medical China with temperature-controlled warehouse facility, covering 20,000 square metres near Shanghai's Pudong International Airport.
Kuehne + Nagel has established a dedicated warehouse to "provide services in line with the standards for handling medical device and healthcare products", said a company statement.
The 20,000-square metre handling area features warehouse management systems and temperature-controlled areas, which allow the storage of products at temperatures ranging from 15 to 25 degrees Celsius, two to 8 degrees Celsius and from -22 to -18 degrees Celsius.
"The agreement underlines Kuehne + Nagel's expertise in developing and offering tailor-made service for the medical device and healthcare sector in China," said North Asia Pacific president Jen Drewes.
"We are very pleased to have been selected to provide industry-specific solutions for Johnson & Johnson Medical China," he said.
Just because the lines announce rate increase doesn't mean they will get one. As with anything,market forces dictate the reality. The reality is that shipping lines continue to suffer and port costs and productivity levels will dictate whether or not they call at a port.
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