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Freight News

MSC to push up European rates

Mediterranean Shipping Company (MSC) has announced the introduction of new Freight All Kinds (FAK) rate increases that will be implemented from and to European ports and will be effective from 1 April but not beyond 30 April.

Firstly, the Geneva-headquartered ocean carrier will set FAK rate increases in sailings from the ports of Melbourne and Auckland in Oceania to the ports of Antwerp and Valencia, in Belgium and Spain, respectively.

The new prices after the increase, which will be introduced in all 20′, 40′ dry van (DV) and high cube (HC) containers, will be as follows:

Port of loading Port of discharge Commodity Rate 20 DV Rate 40 DV Rate 40 HC BRC 20 DV BRC 40 DV BRC 40 HC
Melbourne Antwerp Freight All Kinds (FAK) 8,500

11,000

 11,000 439 878 878
Melbourne Valencia Freight All Kinds (FAK) 8,500

11,000

 11,000 439 878 878
Auckland Antwerp Freight All Kinds (FAK) 9,000

11,500

11,500

 439 878 878
Auckland Valencia Freight All Kinds (FAK) 9,000

11,500

11,500

 439 878 878

Furthermore, MSC will apply FAK rate increases in shipments from European ports to the United States, and particularly, from Genova, La Spezia, Antwerp and Bremerhaven to New York and Long Beach.

The newly formed prices that will be set in the aforementioned types of cargo will be the following:

Port of loading Port of discharge Commodity New Base Rates Former Base Rates BRC
20 DV 40 DV-HC 20 DV 40 DV-HC 20 DV 40 DV-HC
Genova New York Freight All Kinds (FAK) 9,500 13,500 8,500 11,500 448 896
La Spezia Long Beach Freight All Kinds (FAK) 13,000 18,500 11,000 14,500 621 1’242
Antwerp New York Freight All Kinds (FAK) 8,000

10,000

  7,000 8,000 448 896

Bremerhaven

Long Beach

 Freight All Kinds (FAK) 10,500 13,500 8,500 9,500 621 1’242

Source: Container News

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New York & New Jersey port almost doubles container volumes in June

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Freight News

New York & New Jersey port almost doubles container volumes in June

Port of New York and New Jersey has announced record-breaking container volumes increase during June.

New York & New Jersey port almost doubles container volumes in June

In particular, June’s total volumes at the US port rose by 46.6% in comparison to the same month last year, handling 749,400TEU, while the total box volumes from January through June reach approximately 4.4 million TEU.

Both imports and exports saw a significant spike in June, with imports totalling 388,449TEU which translates to a 45.6% increase compared to the corresponding month of the previous year. At the same time, exports rose by 47.6%, totalling 360,951TEU.

From January through June, imports at the Port of New York and New Jersey reached more than 2.25 million TEU, representing year-on-year growth of 31.1%, while exports saw almost the same level of increase, 30%, with total volumes of more than 2.1 million TEU.

Meanwhile, export empties also had an outstanding growth of 69% compared to the same period of last year, with 247,964TEU, while they totalled more than 1.44 million TEU from January through June, which translates to a year-on-year increase of 46.1%.

Last but not least, rail volume also showed strong gains in June, as they rose by 17.2% from the previous June, totalling 58,446 containers. Rail volumes from January through June were 10.1% greater compared with the same period of 2020.

Source: Container News

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