Shipping companies like CMA CGM and Maersk have successively raised Peak Season Surcharge (PSS) fees
Date：08-06 128 Belong to：News Information
Container shipping companies appear to have partially rebounded from recent General Rate Increases (GRI), regaining some bargaining power to raise rates on the India-US trade routes.
Mediterranean Shipping Company (MSC) and CMA CGM have implemented a new round of Peak Season Surcharge (PSS) for shipments from India to the United States.
Starting August 15th, MSC will levy a PSS of $500 per container for all cargo to the United States and San Juan (Puerto Rico). The Geneva-based shipping company stated that the surcharge is necessary to "maintain the high reliability and efficiency of its services to meet customer demands."
French shipping giant CMA CGM announced that effective September 1st, they will impose a PSS of $350 per 20ft/40ft container and $550 per 45ft high cube container for shipments to the U.S. East Coast and Gulf Coast from India.
Other major shipping lines including Maersk and Hapag-Lloyd are also planning to increase rates on the same routes through General Rate Increases (GRI) initiatives.
For shipments from India to the U.S. and Canada, Maersk plans a GRI of $350 per 20ft container, $500 per 40ft container, $750 per 45ft high cube container, and $1000 per 40ft reefer container, also effective from September 1st.
Hapag-Lloyd has set a $200 per container increase for all types of Indian cargo to the U.S. East Coast.
Carriers advised in customer consultations: "This GRI/General Rate Increase applies to all closed containers from September 1st until further notice."
Significantly, shipping companies are taking a pragmatic approach—seeking moderate price increases rather than the sharp hikes usually seen ahead of what are termed peak shipping seasons.
India's exports have sharply declined in recent months, with industry observers suggesting this trend is unlikely to reverse soon amidst weak demand from major economies. According to recent government data, India's merchandise exports fell by 22% year-on-year in June.
Meanwhile, shipping companies offering regular services from Mundra Port, India's largest container port on the west coast, continue to grapple with significant challenges in handling freight flows following disruptions caused by recent hurricanes.
Customs brokers at Mundra express serious concerns over the pickup of empty containers and warehouse deliveries, highlighting these bottlenecks are intensifying pressure on exporters/importers' logistics.
The Mundra Customs Brokers Association urged in a statement to all stakeholders: "We recommend shipping lines to establish new container yards within the port area equipped with all necessary equipment and good infrastructure to locate empty containers within the port area, which would also reduce transportation costs and save valuable resources."
Mediterranean Shipping Company (MSC) and CMA CGM have implemented a new round of Peak Season Surcharge (PSS) for shipments from India to the United States.
Starting August 15th, MSC will levy a PSS of $500 per container for all cargo to the United States and San Juan (Puerto Rico). The Geneva-based shipping company stated that the surcharge is necessary to "maintain the high reliability and efficiency of its services to meet customer demands."
French shipping giant CMA CGM announced that effective September 1st, they will impose a PSS of $350 per 20ft/40ft container and $550 per 45ft high cube container for shipments to the U.S. East Coast and Gulf Coast from India.
Other major shipping lines including Maersk and Hapag-Lloyd are also planning to increase rates on the same routes through General Rate Increases (GRI) initiatives.
For shipments from India to the U.S. and Canada, Maersk plans a GRI of $350 per 20ft container, $500 per 40ft container, $750 per 45ft high cube container, and $1000 per 40ft reefer container, also effective from September 1st.
Hapag-Lloyd has set a $200 per container increase for all types of Indian cargo to the U.S. East Coast.
Carriers advised in customer consultations: "This GRI/General Rate Increase applies to all closed containers from September 1st until further notice."
Significantly, shipping companies are taking a pragmatic approach—seeking moderate price increases rather than the sharp hikes usually seen ahead of what are termed peak shipping seasons.
India's exports have sharply declined in recent months, with industry observers suggesting this trend is unlikely to reverse soon amidst weak demand from major economies. According to recent government data, India's merchandise exports fell by 22% year-on-year in June.
Meanwhile, shipping companies offering regular services from Mundra Port, India's largest container port on the west coast, continue to grapple with significant challenges in handling freight flows following disruptions caused by recent hurricanes.
Customs brokers at Mundra express serious concerns over the pickup of empty containers and warehouse deliveries, highlighting these bottlenecks are intensifying pressure on exporters/importers' logistics.
The Mundra Customs Brokers Association urged in a statement to all stakeholders: "We recommend shipping lines to establish new container yards within the port area equipped with all necessary equipment and good infrastructure to locate empty containers within the port area, which would also reduce transportation costs and save valuable resources."
