Maersk and CMA CGM Raise FAK Rates from Asia
Two of the world’s largest shipping companies, Maersk and CMA CGM, have announced plans to increase their Freight All Kinds (FAK) rates from Asia to several destinations worldwide.
Maersk will raise its FAK rates from North East Asia to Australia, effective July 31, 2023. It is forecasted that the rates will reach:
US$1,075 per dry 20-foot container
US$1,950 per 40-foot container
The increases come amid rising demand for shipping space and a shortage of containers. The shipping industry is also facing higher fuel costs, which are being passed on to customers in the form of higher freight rates.
The increases are likely to further add to the cost of goods imported from Asia, which could put upward pressure on inflation.
In addition to the FAK rate increases, Maersk and CMA CGM have also announced other changes to their pricing policies. For example, CMA CGM will now charge a fuel surcharge on all shipments from Asia to North Europe. Maersk will also start charging a carbon surcharge on all shipments from North East Asia to Australia.
These changes are part of a broader trend in the shipping industry, as carriers look for ways to offset rising costs and maintain profitability.
