The Top 21 carriers, which control 86 percent of the total global liner capacity, received a total of 1.37 million TEUs in new ships from August 2013 through July 2014, accounting for 93 percent of the capacity delivered over the past year, according to Alphaliner. Meanwhile, a total capacity of 523,000 TEUs has been disposed of, either via scrapping or by means of redelivery of chartered tonnage, Alphaliner said. The disparity implies that overcapacity remains a chronic issue, in line with analysts’ predictions.
Asia-Europe
CMA CGM plans to boost rates on its westbound trade from Asia to North Europe and the Mediterranean, excluding Syria, by $550 per TEU, starting Sept. 1. For shipments to Syria, the increase will be €425 per TEU.
On the same date, Maersk Line intends to raise rates on cargo from the Far East, excluding Japan, to the Mediterranean, excluding Syria, by $500 per 20-foot container and $1,000 per 40-foot and 45-foot high-cube container. For shipments to Syria, the hike will be €375 per 20-foot container and €750 per 40-foot and 45-foot high-cube container.
Intra-Asia
CMA CGM aims to hike rates on shipments from Asia to the Red Sea by $200 per TEU, beginning Sept. 1.
The container line also has scheduled a two-stage rate increase on westbound shipments from all Asian ports to Sri Lanka, Pakistan and West India:
- Effective Sept. 1, the first stage of the hike will be $100 per 20-foot container and $150 per 40-foot container.
- Effective Sept. 15, the second stage of the hike will again be $100 per 20-foot container and $150 per 40-foot container.
Asia-Africa
Maersk hopes to boost rates on its trade from the Far East to southern Africa:
- For shipments to Mozambique, Madagascar, Zambia, Zimbabwe, Malawi and Mauritius, the hike will be $150 per 20-foot container and $300 per 40-foot and 40-foot high-cube container, effective Sept. 1.
- For shipments to South Africa, the hike will also be $150 per 20-foot container and $300 per 40-foot and 40-foot high-cube container, but it will take effect Sept. 15.
Asia-Latin America
Cosco Container Lines intends to implement a rate increase of $700 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container on shipments from the Far East and Indian Subcontinent to Panama, Venezuela, Colombia, Costa Rica, Jamaica and Cuba, starting Sept. 1.
Hamburg Süd aims to increase rates on shipments from Asia to Mexico’s west coast, Central America and South America’s west coast, starting Sept. 15. The increase will be $500 per 20-foot container, $750 per 40-foot non-operated refrigerated container and $1,000 per 40-foot and 40-foot high-cube container.
US-Australasia
Maersk plans to increase rates on shipments from the U.S. to New Zealand and Australia, beginning Oct. 1:
- For shipments from the U.S. West Coast, the hike will be $250 per 20-foot container and $500 per 40-foot container.
- For shipments to the U.S. East and Gulf Coast, the increase will be $150 per 20-foot container and $300 per 40-foot container.
