The shipping group Maersk said on May 6 that disruptions in container shipping activities on the Red Sea are increasing and predicted to reduce shipping capacity between the ASIA and EUROPE by up to 20% in the second quarter of 2024. Since December 2023, Maersk and other shipping lines have had to redirect ships around South Africa's Cape of Good Hope to avoid attacks by Houthi forces in the Red Sea. This makes shipping time longer and increase freight rates. In a notice sent to customers on May 6, Maersk said the risk area has expanded, forcing ships to take longer journeys,...
SITUATION OF CARGO VESSELS AFTER OCCURRING ATTACKS IN THE RED SEA
On 15th and 16th December 2023, on the Red Sea – out side of Suez Canal have attacks on ships of Hapag-Lloyd and Maersk. Therefore, four major shipping companies, including Denmark's Maersk, Germany's Hapag-Lloyd, Switzerland's MCS and France's CMA CGM, have temporarily suspended operations across the Red Sea. The Red Sea has the Suez Canal at its northern and the narrow Bab el-Mandeb strait at its southern, leading into the Gulf of Aden. It is a busy maritime route with ships passing through the Suez Canal to transport goods between Asia and Europe. Therefore, the Bab-el-Mandeb Strait along with Egypt's Suez...
CMA CGM implements new overweight surcharge from Asia to Africa
CMA CGM has announced a new overweight surcharge (OWS) from Asia to Africa, effective in the next month. More specifically, the Maersille-based company said that it will apply a surcharge of US$150 per 20' dry container with a container gross weight of over 18 tons from North East Asia, South East Asia, Mainland China, Hong Kong SAR & Macau SAR and Taiwan to Congo, Democratic Republic of Congo, Angola and Gabon The overweight surcharge will take effect on 14 August, according to CMA CGM's announcement.
CMA CGM IMPLEMENTS PEAK SEASON SURCHARGE FROM ASIA TO SOUTH AFRICA
CMA CGM has announced a new peak season surcharge (PSS) from Asia to South Africa that will be effective from 21 August, 2023. The French ocean carrier noted that the surcharge will be US$300 per TEU and will be applied to dry, reefer, out-of-gauge (OOG) and breakbulk cargo. The surcharge will be applied from ports in North East Asia, South East Asia, Mainland China, Hong Kong SAR, Macau SAR and Taiwan to South Africa.