As European and American demand is still weak and the volume of goods has not significantly rebounded, so that the May Day holiday before the shipment tide is not as expected, the original shipping company issued a May 1 GRI price increase plan due to the market downturn lost support, hoping to pull up the U.S. line freight rates again failed.
However, after the May Day holiday, shipping companies have issued a June 1 increase in the comprehensive rate increase surcharge (GRI), the collection of BUC(Bunker Charge) fuel charges and PCC(PANAMA CANAL CHARGE) Panama Canal surcharge.
★HMM June 1 Upgraded GRI★
On May 4, HMM's official website issued a notice stating that from June 1, 2023, all ports of origin to the United States, Canada and Mexico (trans-Pacific eastbound routes) will increase the comprehensive rate increase surcharge (GRI), the specific amount is as follows:
USD 900/20'
USD 1000/40'
USD 1125/40HC'
USD 1266/45'
Following May 1, a number of shipping companies to raise the GRI failure, the HMM GRI adjustment, follow-up or other shipping companies to follow up.
HMM Adjusts North American BUC Fuel Surcharge★
On the same day, HMM official website issued a notice that from June 1, 2023 to the end of June, all shipments to the United States, Mexico and Canada's fuel surcharge (BUC) will be adjusted as follows:
Hapag-Lloiter imposes Panama Canal surcharge★
On May 4,, the Hapag-Lloiter website issued a notice stating that due to the lower-than-normal water level of Gatong Lake, a serious draft restriction was imposed on ships passing through the Panama Canal. As a result, the Panama Canal surcharge PCC(PANAMA CANAL CHARGE) will be levied on all cargo transported from East Asia to North America from June 1, 2023. Details of the charges are as follows:
Geography: East Asia to North America (EC1, EC2, EC6)
All types of containers: 500 USD
From East Asia: Japan, Korea, China, Taiwan, Hong Kong, Macau, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Brunei, Indonesia and Philippines
To North America: United States, Canada
Hapg-Lloth said that the low water level of Gatun Lake may bring challenges to customers' cargo planning, and the three east coast loops EC1, EC2 and EC6 are affected by this charge. Therefore, it is recommended to consider the EC4 and EC5 loop routes on the east coast, and the AA7 route on the Asia-USEC.
Maersk: Sudan customs system down,
affects container entry and exit ports★
On May 3,, the Maersk website issued a notice stating that the ongoing conflict in Sudan continues to wreak havoc on the daily lives of its citizens as well as commercial operations in the country. Maersk had previously issued a notice that had stopped accepting all bookings to Sudan until further notice. At present, although the port has been opened after the Eid holiday, Maersk reminded that Sudan's customs system has been paralyzed and closed, thus affecting the entry and exit of containers into and out of the port. It is expected to be resolved within the next 48-72 hours. Further information will be notified in time.
Source: Maritime Network