China Shipping Container Lines (CSCL) has announced peak season surcharges and rate increases on most of its major trade lanes, Exim News Service informs.
A peak season surcharge for shipments on Asia-European/Mediterranean lines of $ 200 per TEU has been in effect from September 1.
From October 1, the emergency bunker surcharge (EBS) has been raised to $ 200 per TEU.
China Shipping has also announced a rate hike from the Far East to the US East Coast from October 1 of $ 50 per FEU. For cargo bound for the US West Coast, the increase will be $ 150 per FEU, said the company statement.
From September 1, the peak season surcharge for cargo to South America East Coast has been $ 350 per TEU. From September 16, the rate for shipments on the line has been increased by $ 500 per TEU. From October 15, the rate will be increased by $ 350 per TEU.
The rate for shipments to Central America has been increased by $ 350 per TEU from September 20.
CSCL has also imposed a peak season surcharge of $ 350 per TEU on cargo to South America West Coast from September 1. From September 21, the shipment rate on this line has been increased by $ 250 per TEU.
For cargo to Australia, a peak season surcharge of $ 200 per TEU has been levied from September 1. The rate will be increased by $ 250 per TEU from October 19.
For shipments to the Middle East, the rate from north China has been increased by $ 150 per TEU, and from east and south China by $ 50 per TEU.
The rate on lines to Africa has also been increased by $ 250 per TEU from September 15. From October 15, the rate will be increased again by $ 200 per TEU.