We have recently received advice from Shipping Lines that as of January 15, 2018, freight rates for containers from North Asia and Southeast Asia may be increased as follows:

  • North Asia: USD 500 for 20′ containers, USD 1000 for 40′ containers
  • Southeast Asia: USD 300 for 20′ containers, USD 600 for 40′ containers

This will apply to both dry and refrigerated cargo loaded onto vessels from January 15, and will apply on top of existing market rates and  surcharges. This will also apply to any cargo being transhipped through the applicable ports. It is unlikely that increases of this magnitude will get market approval, so we will monitor and update you further as we get closer to the date.