Shipping line Hapag Lloyd has announced freight rate rises on a number of ocean routes, including between the Indian Subcontinent and North Europe. Meanwhile, the company has also announced the rebranding of its Terminal and Infrastructure division to ‘Hanseatic Global Terminals’.
In recent days, Hapag Lloyd has announced rate rises to routes affecting numerous global markets.
In most cases, rates have increased by 500 US dollars per container.
| Route | Amount and type of price increase |
|---|---|
| South America East Coast to South America West Coast | General Rate Increase (GRI) of USD 500 per Container |
| Saudi Eastern Provinces to Arabian Gulf, ISC and Red Sea | Peak Season Surcharge (PSS) of USD 500 for a 20′ Dry Container and USD 500
for a 40′ Dry Container |
| Arabian Gulf, Indian Subcontinent and Red Sea to Saudi Eastern Province | Peak Season Surcharge (PSS) of USD 500 for a 20′ Dry Container and USD 500
for a 40′ Dry Container |
| Indian Subcontinent & Middle East to North America | General Rate Increase (GRI) of USD 1000 per Container |
| Indian Subcontinent to North Europe | New base rate increase of USD 500 per container |
| South America to North America, Mexico, Central America and Caribbean | General Rate Increase (GRI) of USD 500 per Container |
Rebranding
Earlier this week, Hapag Lloyd also announced that’s Terminal and Infrastructure division will adopt a new brand name: Hanseatic Global Terminals.
According to Hapag Lloyd, the new brand name was inspired by the “Hanseatic League”, a historic association of seafaring merchants in Northern Europe.
Commenting on the rebranding, Dheeraj Bhatia, CEO of Hanseatic Global Terminals and member of the Executive Board of Hapag-Lloyd, said:
“Hanseatic Global Terminals strongly supports our commitment to quality, efficiency and sustainability. Our customers and partners will enjoy significant benefits, such as even more reliable and efficient services. In addition, the increased manageability supports our sustainability efforts.”