Views: 0 Author: Site Editor Publish Time: 2024-12-13 Origin: Site
Recently, shipping companies have begun to announce a new round of freight rate adjustment plans for January 2025. Maersk, CMA, HMM
and other shipping companies have successively adjusted the rates of some routes, involving the Mediterranean, the Philippines, Africa,
the Middle East, the US line, etc. These changes impact multiple regions and routes, reflecting ongoing fluctuations in global trade dynamics and
increased operational costs. Below is a detailed overview of the announced rate changes, their implications, and the broader market context.
Increase FAK from Far East to Mediterranean
On December 6, Maersk issued an announcement to increase the FAK rate from Far East to Mediterranean from December 30, 2024. Details are as follows:
Peak Season Surcharge PSS from North China and East China to the Philippines
From January 1, 2025, the peak season surcharge (PSS) for dry containers and refrigerated containers departing from North China and East China ports and
shipped to Batangas and Subic, Philippines will be adjusted.
From January 1, 2025, the peak season surcharge (PSS) for dry and refrigerated containers departing from North China and East China ports and destined for Manila,
Philippines will be adjusted.
Peak Season Surcharge PSS from China, Hong Kong, etc. to Kenya and Dar es Salaam
The peak season surcharge PSS will be implemented on January 1, 2025, covering: China, China Hong Kong, Japan, South Korea, Brunei, Vietnam, Indonesia,
Cambodia, Laos, Myanmar, Malaysia, Philippines, Singapore, Thailand, East Timor, Taiwan to Kenya and Dar es Salaam.
Peak Season Surcharge PSS from Far East to Middle East
In order to continue to provide you with our global services, Maersk is adjusting the peak season surcharge PSS from Far East to Middle East, effective
from December 19, 2024 until further notice. The collection standards are as follows:
Peak Season Surcharge PSS from China, Hong Kong to Senegal
In order to continue to provide you with our global services, Maersk is adjusting the peak season surcharge PSS from China/Hong Kong to Senegal, effective
from December 16, 2024. The details of the collection standards are as follows:
According to the announcement, the adjusted tariff amounts are as follows:For cargo shipped from China/Hong Kong, China to Senegal, the surcharge is US$3,500
for both 20-foot ordinary dry cargo containers (ALL20) and 40-foot ordinary dry cargo containers (ALL40):
For 45-foot high dry cargo containers (45HDRY), the surcharge is US$3,450; for 20-foot open top containers (ALL20 REEF) and 40-foot open top
containers (ALL40 REEF), the surcharges are US$3,500 and US$3,450 respectively. All fees are calculated in US dollars.
CMA levies Panama Canal surcharges from the Far East to the East Coast of the United States
The Panama Canal Authority has introduced a new booking system - Long-Term Slot Allocation (LoTSA) - to manage canal crossing reservations.
The system takes effect on January 1, 2025, resulting in a significant increase in CMA CGM's operating costs.
In order to recover this additional cost and continue to provide you with the most reliable Panama Canal transit service, CMA CGM will impose
a Panama Canal Surcharge on the following routes from January 1, 2025:
HMM imposes a peak season surcharge on all departures to the United States, Canada and Mexico
Please note that from January 2, 2025, a peak season surcharge will be charged on all departures to the United States, Canada and Mexico.
The collection standards are as follows:
The Drewry World Container Index rose 6% this week to $3,533 per 40-foot container on December 5. It is 66% lower than the epidemic peak of $10,377
in September 2021, but 149% higher than the pre-epidemic average of $1,420.
The average composite index so far this year is $3,958 per FEU, $1,104 higher than the ten-year average of $2,854.
Drewry expects that freight rates for transpacific trade will rise in the coming week due to the imminent ILA port strike in January 2025 and the expected
rush to ship goods before the strike begins.
As the global trade situation is constantly changing, the shipping market is also fluctuating frequently, including the risk of a strike in the eastern US in 2025,
new tariffs, export control measures, changes in the shipping alliance structure, etc., which will have an unpredictable impact on the market. Relevant companies
and practitioners are reminded to communicate with shipping companies in a timely manner about the latest trends in route schedules and prices, and adjust
shipment plans at any time.
The upcoming rate adjustments by Maersk, CMA CGM, and HMM reflect a response to evolving global trade challenges, including increased operational costs,
potential labor strikes, and infrastructure changes like the Panama Canal’s new booking system. Shippers should take proactive measures to adapt to these changes,
ensuring resilience and continuity in their supply chain operations.
